Gold Terra Resource increases financing to $7-million

Executive Summary

• Gold Terra Resource Corp. is upsizing its previously announced non-brokered private placement from C$6.3 million to C$7.0 million due to strong investor demand (oversubscribed by 10%).
• The company will issue a total of 55 million common shares, comprising standard common shares, charitable flow-through (CFT) shares, and flow-through (FT) shares, with a closing expected on or around November 28, 2025.
• Proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses, with renunciations effective December 31, 2025.

Key Details

• Total Gross Proceeds: C$7,000,000 (upsized from C$6,300,000).
• Total Shares Issued: 55,000,000 common shares.
• Share Breakdown:
  • 15,000,000 Common Shares: Issued at C$0.10 per share for gross proceeds of C$1,500,000.
  • 35,000,000 Charitable Flow-Through (CFT) Shares: Issued at C$0.14 per share for gross proceeds of C$4,900,000.
  • 5,000,000 Flow-Through (FT) Shares: Issued at C$0.12 per share for gross proceeds of C$600,000 (sold to existing shareholders and insiders).
• Finder's Fees: C$28,000 to be paid to certain finders upon closing.
• Warrants: None included in the offering.
• Closing Date: Expected on or around November 28, 2025.
• Regulatory Approval: Subject to acceptance by the TSX Venture Exchange.
• Hold Period: Four months from the date of closing for all securities.
• Use of Proceeds (Flow-Through): Proceeds from CFT and FT shares will be used to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures.
• Renunciation Date: Qualifying expenditures will be renounced in favor of subscribers effective December 31, 2025.
• Tax Status: CFT and FT shares qualify as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada).

Notable Quotes

• None provided in the text.