Terreno Resources Announces $350,000 Financing Is Fully Subscribed

About this update from Terreno Resources Corp.

[{"type":"text","content":"Terreno Resources Announces $350,000 Financing Is Fully Subscribed(via TheNewswire)\n\n \nTORONTO, CANADA / TheNewswire / December 15, 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 $0.05 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 date. 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 of $133,000 will close on or by December 22 for 2,660,000 units consisting of 2,660,000 common shares with a legend date to be four months plus a day from the final closing date. The Company also issued 2,660,000 warrants exercisable at $0.05 until twelve months from the final closing date. \n\n \n \nThe Company will have 21,235,506 common shares issued and outstanding on the final closing date.\n\n \n \nMr. Brown states that: \"The Company has received numerous property submissions to evaluate and expects to announce an acquisiti...

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