Newterra Resources Announces up to $100,000 Private Placement Financing

Executive Summary

• Newterra Resources Inc. announces a non‑brokered private placement of up to 2,000,000 units at $0.05 per unit, potentially raising up to $100,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.06 exercisable for 24 months after closing.
• Proceeds are earmarked for general working capital; insiders are expected to participate under exempt related‑party transaction provisions.

Key Details

• Offering Size: Up to 2,000,000 units (maximum gross proceeds of $100,000).
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Pricing: $0.05 per unit; warrant exercise price $0.06 per share.
• Warrant Terms: exercisable at any time up to 24 months after the closing date of the offering.
• Eligibility: Units sold to qualified purchasers under exemptions from prospectus and registration requirements.
• Hold Period: Securities subject to a hold period of four months and one day per CSE policies.
• Use of Proceeds: General working capital for Newterra Resources.
• Insider Participation: Anticipated; treated as an exempt related‑party transaction under MI 61‑101, with fair market value not exceeding 25 % of market capitalization.
• Regulatory Notices: Offering not offered or sold in the United States; complies with Canadian securities exemptions.

Notable Quotes

“The capital raised through this private placement will support our ongoing exploration activities and strengthen our balance sheet as we advance the Iron Horse Project.” – Darren Blaney, CEO, President & Director.