TERRA CLEAN CLOSES $2.5 MILLION LIFE OFFERING

Executive Summary

• Terra Clean Energy Corp. closed a non‑brokered private placement, issuing 17,641,293 units for gross proceeds of $2,469,781.02.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price C$0.17, exercisable for 36 months).
• Net proceeds will fund the purchase of Utah claims, future exploration & development costs, and general working capital.

Key Details

• Units Issued: 17,641,293 units (each = 1 common share + ½ warrant).
• Gross Proceeds: $2,469,781.02 CAD.
• Warrant Terms: Exercise price C$0.17 per common share; exercisable starting 60 days after closing and until 36 months post‑closing.
• Use of Proceeds: Partial payment for Utah uranium claims, exploration & development expenditures, general corporate purposes, and working capital.
• Finder Compensation:
• Cash fees paid: $116,359.60 CAD.
• Finder warrants issued: 831,140 non‑transferable warrants (exercise price C$0.14 per share, exercisable for 36 months from closing).
• Regulatory Exemption: Offering relied on the Listed Issuer Financing Exemption under NI 45‑106; units are not subject to a hold period under Canadian securities law.
• U.S. Restrictions: No securities were offered or sold in the United States; offering not registered under the U.S. Securities Act of 1933.

Notable Quotes

“The net proceeds from this financing will enable us to advance our strategic acquisition of Utah claims and continue development of our flagship South Falcon East project.” – Greg Cameron, CEO, Terra Clean Energy Corp.