A Balkans Polymetallic Explorer: Growing Value Through Discovery in Europe.
Summary
The Private Placement will be utilized for opportunities in the critical battery metal exploration space in the Western Balkans.Giulio Bonifacio, Chair of the board of directors (the Insider) purchased 815,000 Shares as part of the Offering. The participation by the Insider in the Offering was approved by directors of the Company who are independent in connection with such transactions.Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the Private Placement will be subject to a four (4) month hold period ending April 16th, 2024.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. Person are as defined in Regulation S under the U.S. Securities Act.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 Bosnia and Herzegovina, 100% of the Kaludra and Ceovishte mineral exploration licences in southern 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.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.