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Gold Terra Announces C$6.3 Million Private Placement, Including 2 Strategic Investors Eric Sprott and David Harquail
VANCOUVER, BC / ACCESS Newswire / November 12, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Fr...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces C$6.3 Million Private Placement, Including 2 Strategic Investors Eric Sprott and David HarquailVANCOUVER, BC / ACCESS Newswire / November 12, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce a non-brokered private placement with a new strategic investor, David Harquail, and existing shareholder Eric Sprott. The private placement totaling 50 million common shares consists of 15 million common shares of the Company (the \"Shares\") at an issue price of C$0.10 per Share for gross proceeds of C$1,500,000, 30 million charitable flow-through common shares of the Company (the \"CFT Shares\") at an issue price of C$0.14 per CFT Share for gross proceeds of C$4,200,000, and 5 million flow-through common shares of the Company (the \"FT Shares\") at an issue price of C$0.12 per FT Share for gross proceeds of C$600,000 with some existing shareholders and insiders (together, the \"Offering\"). The CFT Shares and the FT Shares will qualify as \"flow-through\" shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\").The Offering is non-brokered with no warrants and the Offering is expected to be closed on or around November 28th, 2025 and is subject to certain conditions including the acceptance of the TSX Venture Exchange.David Harquail has been involved in mineral exploration and mine finance throughout his career. In 2007, he co-founded Franco-Nevada Corporation, leading its successful $1.3 billion initial public offering. During his 13-year tenure as CEO, Franco-Nevada grew into the leading precious metals royalty company with a market value exceeding $50 billion. David Harquail now serves as Chair of the Board of Franco-Nevada and as a director of the Bank of Montreal and the PDAC. He was also past Chair of the World Gold Council.Gerald Panneton, Chairman & CEO commented, \"We are pleased to have this strategic investment and endorsement from David Harquail and Eric Sprott. The Con Mine property represents a corner stone of our strategy in re-developing Yellowknife in a premier gold camp. The proceeds raised will allow us to continue our drilling program on the Con Mine Option property. The former Con Mine produced 5.1 Moz of gold at an average grade of 16 g/t (Oct. 21, 2022 Technical Report) an...