Terra Balcanica Placement Announcement
- VANCOUVER,British Columbia (Globe Newswire) - Terra Balcanica Resources Corp.announced plans on April 28, 2025, to conduct a private placement aimed at raising between CAD$750,000 and CAD$1,117,495.
- The company intends to issue up to 11,174,950 units at a price of CAD$0.10 per unit.
- The private placement is being conducted under an exemption for financing issuers, as outlined in Canadian Securities Administrators' National Instrument 45-106.
Terra Balcanica Announces Private Placement to Fund Exploration in Balkans,Canada
Table of Contents
- Terra Balcanica Announces Private Placement to Fund Exploration in Balkans,Canada
- Terra Balcanica Private Placement: Your Questions Answered
- What is Terra Balcanica announcing?
- What is a private placement?
- What will the funds from the private placement be used for?
- what are the key details of the private placement?
- Who is eligible to participate in the private placement?
- Where can I find more information about the private placement?
- When is the closing date expected?
- What about finder’s fees?
- Can U.S.investors participate in this offering?
- What is meant by “debt settlement”?
- What is Terra Balcanica’s buisness?
- where does Terra Balcanica operate?
- What are Terra Balcanica’s Canadian properties?
- Where is the Viogor-Zanik project located?
- What is important about Terra Balcanica’s approach?
- Who can I contact for more information?
- What are forward-looking statements?
- What are the key risks mentioned in the forward-looking statement?
- Key Highlights of Terra Balcanica’s Announcement
VANCOUVER,British Columbia (Globe Newswire) – Terra Balcanica Resources Corp.announced plans on April 28, 2025, to conduct a private placement aimed at raising between CAD$750,000 and CAD$1,117,495. The funds are earmarked for drilling its mining exploration properties in the Western Balkans and for general working capital.
Details of the Private Placement
The company intends to issue up to 11,174,950 units at a price of CAD$0.10 per unit. Each unit will consist of one common share of the company and one-half of a share purchase warrant. A full warrant will allow the holder to purchase an additional common share at a price of CAD$0.20 for a period of 24 months following the closing date of the private placement.
The private placement is being conducted under an exemption for financing issuers, as outlined in Canadian Securities Administrators’ National Instrument 45-106. Securities issued under this placement will not be subject to a holding period under Canadian securities laws. Details are available at www.sedarplus.ca and www.terrabresources.com. Potential investors are encouraged to review the offering document.
The closing of the private placement is expected to occur around April 28, 2025, subject to approval from the Canadian Securities Exchange. Terra Balcanica may pay finder’s fees to eligible parties who introduce investors to the offering.
No U.S. Offer
The company clarified that this announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S. absent registration or an applicable exemption.
Debt Settlement
Terra Balcanica also announced it has settled outstanding debt with an independant creditor by issuing 166,666 common shares at a deemed price of CAD$0.09 per share, totaling CAD$15,000. These shares are subject to a four-month holding period.
company Overview
Terra Balcanica describes itself as a polymetallic and energy metals exploration company. Its primary focus is on identifying and developing large-scale mineral systems in the Balkans region of southeastern Europe and in northern Saskatchewan, Canada. The company holds a 90% interest in the Viogor-Zanik project in Bosnia and Herzegovina. Its Canadian assets include uranium exploration permits near the athabasca Basin, including the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton properties.
The company emphasizes responsible engagement with local communities and stakeholders and adherence to international industry best practices for health, safety, and environmental management.
Contact
For further data, contact Aleksandar Miskovic, President and CEO, at Amiskovic@terrabresources.com or 514-796-7577.
Terra Balcanica Private Placement: Your Questions Answered
What is Terra Balcanica announcing?
Terra Balcanica Resources Corp. announced on April 28,2025,a private placement to raise funds for exploration activities. Specifically, the company is seeking to raise between CAD$750,000 and CAD$1,117,495.
What is a private placement?
A private placement is a way for a company to raise capital by selling securities (like shares) to a select group of investors,rather than offering them to the general public. This is often done to raise funds more quickly and with less regulatory scrutiny than a public offering.
What will the funds from the private placement be used for?
The funds raised will be allocated for two primary purposes:
Drilling its mining exploration properties in the Western Balkans.
General working capital.
what are the key details of the private placement?
Offering: Up to 11,174,950 units will be issued.
Price per Unit: CAD$0.10
Each Unit Includes: One common share and one-half of a share purchase warrant.
Warrant Terms: A full warrant allows the holder to purchase an additional common share at CAD$0.20, exercisable for 24 months after the placement closes.
Who is eligible to participate in the private placement?
The announcement encourages potential investors to review the offering document for details on eligibility. The private placement is being conducted under an exemption for financing issuers, as outlined in Canadian Securities Administrators’ National Instrument 45-106.
Where can I find more information about the private placement?
You can find more details at:
Reviewing the offering document is strongly encouraged.
When is the closing date expected?
The closing of the private placement is expected to occur around April 28, 2025, subject to approval from the Canadian Securities Exchange.
What about finder’s fees?
Terra Balcanica may pay finder’s fees to eligible parties who introduce investors to the offering.
Can U.S.investors participate in this offering?
No, the announcement specifically states that it does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S.without registration or an applicable exemption.
What is meant by “debt settlement”?
Terra Balcanica also announced it settled outstanding debt with an autonomous creditor by issuing 166,666 common shares at a deemed price of CAD$0.09 per share, totaling CAD$15,000.
What is Terra Balcanica’s buisness?
Terra Balcanica describes itself as a polymetallic and energy metals exploration company. Its primary focus is identifying and developing large-scale mineral systems.
where does Terra Balcanica operate?
Terra Balcanica’s primary focus is on the following locations:
Balkans Region: Southeastern Europe, specifically working on mineral exploration properties in the Western Balkans. The company holds a 90% interest in the Viogor-zanik project in Bosnia and Herzegovina.
Canada: Northern Saskatchewan, with uranium exploration permits near the Athabasca Basin. Canadian assets include the Charlot-Neely Lake, fontaine Lake, Snowbird, and South Pendleton properties.
What are Terra Balcanica’s Canadian properties?
The company’s Canadian assets include:
Charlot-Neely Lake
Fontaine Lake
Snowbird
South Pendleton
Where is the Viogor-Zanik project located?
The Viogor-Zanik project is located in Bosnia and Herzegovina.
What is important about Terra Balcanica’s approach?
Terra balcanica emphasizes responsible engagement with local communities and stakeholders and adheres to international industry best practices for health, safety, and environmental management.
Who can I contact for more information?
For further data, contact Aleksandar Miskovic, President and CEO, at Amiskovic@terrabresources.com or 514-796-7577.
What are forward-looking statements?
Forward-looking statements are statements that are not past facts. These statements involve risks and uncertainties that could cause actual results to differ from those projected.
What are the key risks mentioned in the forward-looking statement?
Factors that could influence results include:
Regulatory approvals
Market conditions
* Metal price volatility
Key Highlights of Terra Balcanica’s Announcement
| Feature | Details |
| ——————— | —————————————————————————————————————————————————————————————————————————————————————— |
| Announcement | Private Placement |
| funds to Raise | CAD$750,000 – CAD$1,117,495 |
| Use of Funds | Western Balkans exploration, general working capital |
| Offering Price | CAD$0.10 per unit |
| Unit Structure | One common share + 1/2 warrant (exercise at CAD$0.20 for 24 months) |
| Geographic Focus | Balkans (Bosnia and Herzegovina) and Saskatchewan, Canada |
| Not a U.S. Offer | Not offered, nor is it being sold within the United States.|
| Debt Settlement | Issued 166,666 shares at CAD$0.09 per share to settle debt |