Terra Balcanica Announces Private Placement Financing

Executive Summary

• Terra Balcanica Resources Corp. announced its intent to complete a non-brokered private placement for gross proceeds of up to C$750,000.
• The offering will consist of up to 15,000,000 units priced at C$0.05 per unit, with each unit comprising one common share and one warrant exercisable at C$0.10 for a 24-month period.
• Proceeds will be utilized to fund UK stock exchange listing costs, a ground geophysical survey at the Cumavici target, and the Phase IV drilling program at the Viogor project in Bosnia and Herzegovina.

Key Details

• Gross proceeds: Up to C$750,000
• Units offered: Up to 15,000,000 units
• Purchase price: C$0.05 per unit
• Unit composition: 1 common share + 1 common share purchase warrant
• Warrant terms: Exercise price of C$0.10 per warrant share; exercisable for 24 months from the closing date
• Hold period: 4 months + 1 day from the closing date for securities issued within four months of closing
• Expected closing date: On or before July 17, 2026 (subject to CSE approval and customary conditions)
• Use of proceeds: i) Costs of a UK stock exchange listing, ii) Ground geophysical survey at the Cumavici target, iii) Commencing Phase IV drilling program at Cumavici (Viogor project, Bosnia and Herzegovina)
• Offering exemptions: Canada (prospectus exemptions), United States (available exemptions), and certain other jurisdictions
• Finder’s fees: May be paid in cash and warrants on a portion of the private placement