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Terreno Resources Closes Second Tranche to Increase Raise to $370,500 of the up to $1,000,000 Financing
(TheNewswire) TORONTO, CANADA - TheNewswire – November 5, 2021 - Terre...
About this update from Terreno Resources Corp.
[{"type":"text","content":"Terreno Resources Closes Second Tranche to Increase Raise to $370,500 of the up to $1,000,000 Financing \n \n \n (TheNewswire)\n \n \n \n TORONTO, CANADA -\n \n \n TheNewswire\n \n \n – November 5, 2021 - Terreno Resources\nCorp.\n \n \n (TSXV:TNO.H) (“\n \n \n Terreno\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) wishes to announce that the Company has filed a revised\nForm C (Notice of Proposed Share Issuance/ Financing) for regulatory\napproval to close a second tranche of $95,000 under terms as news\nreleased on July 23, 2021 and on September 20, 2021.\n \n \n \n \n The total planned financing is for up to 20,000,000\nunits at $0.05. Each unit consists of one common share plus one full\nwarrant exercisable at $0.06 for twelve months from the date of\nclosing. Subject to regulatory approval, the Company intends to\nrequest an extension of the warrants for a second year exercisable at\n$0.07 and a third year exercisable at $0.08 as part of the application\nto graduate from the NEX board to the TSX Venture Exchange. Finders\nfees in shares and broker warrants may be issued subject to regulatory\napproval.\n \n \n \n \n This second tranche consists of 1,900,000 common shares\nwith a legend date of March 6, 2022 and 1,900,000 warrants exercisable\nat $0.06 for twelve months to November 5, 2022. The March 6, 2022\nlegend date will also apply to any shares issued for warrant exercises\nprior to March 6, 2022. This second tranche includes $15,000 from an\ninsider who is a director and senior officer.\n \n \n \n \n Subsequent to the close of this second tranche, the\nCompany has 58,971,506 common shares issued and outstanding.\n \n \n \n \n Additional information on the Company can be viewed at\n \n \n www.sedar.com\n \n \n \n \n For additional information, contact:\n Tel: (905) 467-1109\n \n \n \n \n Email: [email protected]\n \n \n \n Suite 1102, 44 Victoria Street, Toronto, Ontario M5C 1Y2\n \n \n Neither The TSX Venture Exchange nor its Regulation Services Provider\naccepts responsibility for the adequacy or accuracy of this release.\n \n \n \n This news release does not constitute an offer to sell\nor a solicitation of an offer to buy any of Terreno’s securities in\nthe United States. None of the securities have been and will not be\nregistered under the United States Secu...