A Balkans Polymetallic Explorer: Growing Value Through Discovery in Europe.
Summary
Vancouver, British Columbia November 14th 2022 Terra Balcanica Resources Corp. (Terra or the Company) (CSE:TERA) announces the intent to complete a non-brokered private placement (the Private Placement) for gross proceeds of up to C$500,000 through the issuance of 5,000,000 units (each a Unit) at a purchase price of C$0.10 per Unit. The Closing Date is expected to occur on or before December 2nd, 2022, subject to regulatory approvals, including the approval of the CSE and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finders fee in cash on a portion of the Private Placement.The Private Placement will provide Terra with the necessary capital to continue to advance the Companys ongoing exploration activities in the Balkans.Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina, 100% of the Kaludra and Ceovishte mineral exploration licences in Serbia. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.On Behalf of the Board of DirectorsFor further information, please contact Aleksandar Mikovi at amiskovic@terrabresources.com, or visit our website at www.terrabresources.com.