Terreno Announces 100% Warrant Exercise

About this update from Terreno Resources Corp.

[{"type":"text","content":"Terreno Announces 100% Warrant Exercise(via TheNewswire)\n \n \n Toronto, Canada / TheNewswire / January 15, 2018 - Terreno Resources Corp. (TSXV: TNO.H) (\"Terreno\" or the \"Company\") announces that it has received warrant exercises for 100% of the 3,000,000 warrants exercisable at $0.05 until February 10, 2018. The warrant proceeds of $150,000 are in addition to the $350,000 of proceeds received from the private placement that received TSX Venture Exchange final acceptance on January 2, 2018.\n\n \n \nMr. Brown states that: \"The Company continues to evaluate several potential projects to acquire in order to apply to graduate to the TSX Venture Exchange and is pleased that these warrant exercises provides us with additional financial resources to meet the graduation requirements of Policy 2.5 for working capital of the greater of $50,000 or the amount required to maintain operations and cover general and administrative expenses for a minimum of six (6) months.\" \n\n \n \nThe proceeds will be used for general working capital requirements to maintain a listed public company and to conduct due diligence on any potential property of merit projects with the intention to apply to graduate to the TSX Venture Exchange.\n\n \n \nAdditional information on the Company is available at www.sedar.com \n\n \n \nFor additional information, contact: Tel: (905) 467-1109 \n\n\n \nEmail: [email protected] \n\n\n \nSuite 1102, 44 Victoria Street, Toronto, Ontario M5C 1Y2\n\n \n \nNeither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nThis news release does not constitute an offer to sell or a solicitation of an offer to buy any of Terreno's securities in the United States. None of the securities have been and will not be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about Terreno and its management, as well as financial statements.\n\n\n \nThis rel...

More updates from Terreno Resources Corp.