Terra Balcanica closes C$439,370 private placement financing

Terra Balcanica Resources Corp. (CSE: TERA; FRA: UB1; OTCQB: TEBAF) completed a non-brokered private placement financing that raised C$439,370.41 in gross proceeds, according to a company statement.

The company issued 8,787,408 units at C$0.05 per unit. Each unit consists of one common share and one warrant that allows the holder to purchase an additional common share at C$0.10 until April 14, 2028.

Terra Balcanica paid C$12,950 in finders' fees to third parties and issued 259,000 finders' warrants. The company plans to use the proceeds for land holding costs, renewing mineral exploration properties in Bosnia and Herzegovina, and general working capital.

Dr. Aleksandar Mišković, the company's director and CEO, purchased 300,000 units as part of the offering. The transaction was approved by independent directors and complied with Canadian securities regulations regarding related party transactions.

All securities issued in the financing are subject to a four-month hold period ending August 15, 2026, under Canadian Securities Exchange policies and Canadian securities laws.

Terra Balcanica focuses on silver and antimony exploration in the Balkans region of southeastern Europe. The company holds a 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina.

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