Magna Terra Minerals increases financing to $2-million

Executive Summary

• Magna Terra Minerals Inc. upsized its premium flow‑through private placement by $1 million, bringing total gross proceeds to $2 million.
• The offering will issue 14,814,812 premium flow‑through common shares at C$0.135 per share, fully subscribed.
• Proceeds are earmarked for Canadian exploration expenses on the Humber (Newfoundland) and Rocky Brook (New Brunswick) projects.

Key Details

• Upsize Amount: Additional $1 million added to previously announced placement (originally disclosed July 31 2025).
• Total Gross Proceeds: $2 million.
• Share Price: C$0.135 per premium flow‑through common share.
• Shares Issued: 14,814,812 shares.
• Largest Shareholder Participation: Michael Gentile (19.2% holder) will participate in the offering.
• Use of Proceeds: Fund Canadian exploration expenses qualifying as flow‑through critical mineral mining expenditures for preliminary programs at the Humber copper‑cobalt project and Rocky Brook gold/critical metals project.
• Insider Participation: An insider is expected to subscribe; transaction qualifies as a related‑party transaction under MI 61‑101, but exemptions apply because (i) securities are not listed on a covered exchange and (ii) neither share value nor consideration exceeds $2.5 million.
• Finder’s Fees: Company may pay finder fees in cash, securities, or a combination, per TSX Venture Exchange policies.
• Holding Period: All issued securities subject to a regulatory four‑month‑and‑one‑day hold period.
• Exchange Approval: Offering pending approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)