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Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC
Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - Oreterra Metals Corp. (TSXV: OTMC)...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BCToronto, Ontario--(Newsfile Corp. - February 10, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: RMIOD) (FSE: D4R0) (WKN: A421RQ) (\"Oreterra\" or the \"Company\") (previously, Romios Gold Resources Inc.) is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $6,000,000 through the issuance of a combination of hard-dollar units (\"HD Units\") of the Company at a price of $0.45 per HD Unit and flow-through units (\"FT Units\") at a price of $0.50 per FT Unit (collectively, the \"Offering\"). Closing of the Offering is scheduled for March 20, 2026. The majority of the gross proceeds from the sale of both the HD Units and the FT Units will be used to carry out the first-ever drilling in the approaching field season of the large-scale Trek South porphyry copper-gold prospect located in northwestern B.C. The Trek South prospect is new to science, having been revealed by ice melt in recent years, and consists of stacked, high-order alteration, geochemical and geophysical anomalies. It is located in BC's Golden Triangle, adjacent to Teck-Newmont's Galore Creek deposits in ideal terrain, and close to partially completed infrastructure. A comprehensive NI 43-101 technical report on the Trek property dated January 20, 2026, can be found at www.oreterra.com and on the Company's issuer profile at www.sedarplus.ca. An investor presentation summarizing the Trek South prospect can also be found at www.oreterra.com.In connection with the Offering, the Company has entered into a fiscal advisory agreement with Canaccord Genuity Corp. (\"Canaccord\"). Subject to the approval of the TSX Venture Exchange (\"TSXV\"), the Company shall compensate Canaccord in the amount of $25,000, payable in HD Units of the Company (the \"Compensation Units\") to be issued at C$0.45 per Compensation Unit with the same terms as HD Units. In addition, 6% finder's fees in cash or securities, or a combination of both, may be payable by Oreterra in connection with the Offering, subject to the rules of the TSXV.Insiders may participate for up to 10% of the Offering. Such insider private placements will be exempt from the valuation and ...