Terra Balcanica Resources arranges $300,000 financing

Executive Summary

• Terra Balcanica Resources Corp. announced an intention to complete a non-brokered private placement for gross proceeds of up to $300,000.
• The financing involves the issuance of up to six million units at a price of $0.05 per unit, with proceeds designated for landholding costs and the renewal of mineral exploration properties in Bosnia and Herzegovina.
• Each unit includes one common share and a warrant to purchase one additional common share at an exercise price of $0.10, exercisable for 24 months.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: Up to $300,000.
• Units Issued: Up to 6,000,000 units.
• Purchase Price: $0.05 per unit.
• Warrant Terms: Each unit includes one common share purchase warrant.
  • Exercise Price: $0.10 per warrant share.
  • Exercise Period: 24 months from the closing date.
• Use of Proceeds: Landholding costs and renewal of mineral exploration properties in Bosnia and Herzegovina.
• Closing Date: Expected on or before April 3, 2026, subject to conditions including CSE approval and execution of subscription agreements.
• Hold Period: Common shares, warrants, and warrant shares issued within four months of closing are subject to a hold period of four months plus one day under Canadian securities laws.
• Finder’s Fees: The company may pay finders' fees in cash and warrants on a portion of the private placement.
• Jurisdictions: Offered via prospectus exemptions in Canada, the United States, and certain other jurisdictions.

Notable Quotes

• None provided in the text.