Terra Balcanica Resources Corp. (TSE:TERA) has released an update.
Terra Balcanica Resources Corp. has successfully completed the first tranche of its non-brokered private placement financing, raising $205,750 by issuing over 2 million units at $0.10 each, which include a common share and a purchase warrant. Company insiders participated in the transaction, which will finance working capital and Phase III drilling. Securities from this offering are subject to a four-month hold period, restricting their sale until October 2024.
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