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Oreterra Announces Closing of Final Tranche of $9.7 Million Oversubscribed and Upsized Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 5, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: ...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Oreterra Announces Closing of Final Tranche of $9.7 Million Oversubscribed and Upsized Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - March 5, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (OTCID: RMIOD) (FSE: D4R0) (WKN: A421RQ)(\"Oreterra\" or the \"Company\") is pleased to announce that, further to its press releases of February 10, 2026, February 12, 2026, February 18, 2026, February 19, 2026 and March 2, 2026, it has closed the second and final tranche of its oversubscribed and upsized non-brokered private placement with the placement of 154,444 hard-dollar units (\"HD Units\") of the Company at a price of $0.45 per HD Unit for gross proceeds of $69,500 and the placement of 660,000 flow-through units (\"FT Units\") at a price of $0.50 per FT Unit for gross proceeds of $330,000 (collectively, the \"Final Closing\"). Combined with the first closing of $9.3M, gross proceeds from the placement totaled $9.7M.Offering Details:The non-brokered private placement was upsized multiple times to $9,684,000 through the issuance of a combination of $5,500,000 in hard-dollar units (\"HD Units\") of the Company at a price of $0.45 per HD Unit and $4,184,000 in flow-through units (\"FT Units\") at a price of $0.50 per FT Unit (collectively, the \"Offering\"). Each HD Unit, priced at $0.45, comprised one (1) common share of the Company and one (1) common share purchase warrant (each a \"HD Warrant\"). Each HD Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering. Each FT Unit, priced at $0.50, comprised one (1) flow-through share of the Company (each a \"FT Share\") and one (1) common share purchase warrant (each an \"FT Warrant\"). Each FT Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.Final Closing Details:The Company paid one eligible finder a cash commission of $6,900 and issued 13,800 broker warrants (each a \"Broker Warrant\"). Each Broker Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.Canaccord Genuity Corp. acted as f...