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Oreterra Announces Over-Subscription and Upsizing of Non-Brokered Private Placement to $8 Million
NOT FOR DISSE MIN ATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INT...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Oreterra Announces Over-Subscription and Upsizing of Non-Brokered Private Placement to $8 MillionNOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Toronto, Ontario--(Newsfile Corp. - February 12, 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, due to significant demand, the non-brokered private placement financing announced on February 10, 2026 will be increased by up to $2,000,000 for aggregate gross proceeds of up to $8,000,000 through the issuance of a combination of up to $4,000,000 in hard-dollar units (\"HD Units\") of the Company at a price of $0.45 per HD Unit and up to $4,000,000 in flow-through units (\"FT Units\") at a price of $0.50 per FT Unit (collectively, the \"Offering\"). Closing of the Offering is scheduled for on or before February 27, 2026. Insiders may participate for up to 5% of the Offering. Such insider private placements will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (\"MI 61-101\") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.Financing Details:Each HD Unit, priced at $0.45, comprises of one (1) common share of the Company and one (1) common share purchase warrant (each a \"HD Warrant\"). Each HD Warrant will entitle 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. Each FT Unit, priced at $0.50, comprises of one (1) common flow-through share of the Company (each a \"FT Share\"), and one (1) common share purchase warrant (each an \"FT Warrant\"). Each FT Warrant will entitle 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.The Company may pay eligible finders a fee of 6% of the proceeds from the sale of HD Units or FT Units in cash o...