Terra Clean Closes $2.5 Million Life Offering

About this update from Terra Clean Energy Corp.

[{"type":"text","content":"Terra Clean Closes $2.5 Million Life Offering\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver B.C.,\nNovember 5, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n TERRA CLEAN ENERGY CORP.\n \n\n (“\n \n\n Terra\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n \n\n (CSE: TCEC, OTCQB:\n \n\n TCEFF\n \n\n , FSE:\n \n\n\n\n C\n \n\n 9O0)\n \n\n is pleased to announce, that further to\nits news release dated October 20, 2025, the Company has closed its\nnon-brokered private placement offering (the “\n \n\n Offering\n \n\n ”) issuing\na total of 17,641,293 units of the Company (“\n \n\n Units\n \n\n ”) for gross\nproceeds of $2,469,781.02.  Each Unit consists of one common share in\nthe capital of the Company (a “\n \n\n Common Share\n \n\n ”) and one-half of one common\nshare purchase warrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”).\n \n\n\n\n Each Warrant\nentitles the holder to purchase one Common Share at an exercise price\nof C$0.17 for a period commencing 60 days following completion of the\nOffering until the date that is 36 months following the completion of\nthe Offering\n \n\n .\n \n\n\n\n The Company intends to use the net proceeds of the\nOffering to fund a portion of the purchase price of the Utah claims,\nfor future exploration and development costs and general working\ncapital and corporate purposes.\n \n\n\n\n Subject to compliance with applicable regulatory\nrequirements and in accordance with National Instrument 45-106 -\n \n\n Prospectus\nExemptions\n \n\n (\"\n \n\n NI 45-106\n \n\n \"), the\nUnits were offered pursuant to the listed issuer financing exemption\nunder Part 5A of NI 45-106, as amended by Coordinated Blanket Order\n45-935 –\n \n\n Exemptions from\nCertain Conditions of the Listed Issuer Financing\nExemption\n \n\n (collectively, the \"\n \n\n Listed Issuer Financing\nExemption\n \n\n \"). As the Offering was completed\npursuant to the Listed Issuer Financing Exemption, the Units issued\npursuant to the Offering will not be subject to a hold period pursuant\nto applicable Canadian securities laws.\n \n\n\n\n The Company paid finders’ fees to certain arm’s\nlength finders comprising of: (i) total cash of $116,359.60; and; and\n(ii) 83...

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