Terreno Resources Announces Closing $350,000 Financing

About this update from Terreno Resources Corp.

[{"type":"text","content":"Terreno Resources Announces Closing $350,000 Financing(via TheNewswire)\n\n \nTORONTO, CANADA / TheNewswire / December 18, 2017 - Terreno Resources Corp. (TSXV: TNO.H) (\"Terreno\" or the \"Company\") announces that the Company has received subscriptions for the entire $350,000 financing as previously news released. The financing for $350,000 consists of 7,000,000 units at a price of $0.05 per unit. Each unit consists of a common share plus one share purchase warrant. Each warrant is exercisable at $0.05 for a common share until the expiry date to be twelve months from the financing closing dates. Insiders have subscribed for 600,000 units of the private placement for proceeds of $30,000. \n\n \n \nThe first tranche, with proceeds of $62,000, closed November 14 for 1,240,000 units consisting of 1,240,000 common shares with a legend date of March 15, 2018, being four months plus a day from the November 14, 2017 closing date. The Company also issued 1,240,000 warrants exercisable at $0.05 until November 14, 2018, being twelve months from the closing date. \n\n \n \nThe second tranche, with proceeds of $65,000, closed November 30 for 1,300,000 units consisting of 1,300,000 common shares with a legend date of April 1, 2018, being four months plus a day from the November 30, 2017 closing date. The Company also issued 1,300,000 warrants exercisable at $0.05 until November 30, 2018, being twelve months from the closing date. \n\n \n \nThe third tranche, with proceeds of $90,000, closed December 8, for 1,800,000 units consisting of 1,800,000 common shares with a legend date of April 9, 2018, being four months plus a day from the December 8, 2017 closing date. The Company also issued 1,800,000 warrants exercisable at $0.05 until December 8, 2018, being twelve months from the closing date. \n\n \n \nThe fourth and final tranche, with proceeds of $133,000, closed on December 18 for 2,660,000 units consisting of 2,660,000 common shares with a legend date of April 19, 2018 being four months plus a day from the December 18 closing date. The Company also issued 2,660,000 warrants exercisable at $0.05 until December 18, 2018, being twelve months from the closing date. \n\n \n \nThe Company now has 21,235,506 common shares issued and outstanding subsequent to the December 18, 2017 close.\n\n \n \nMr. Brown states that: \"The Company has received...

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