Terra Clean Energy Announces Non-Brokered Private Placement and Effective Date of Share Consolidation

About this update from Terra Clean Energy Corp.

[{"type":"text","content":"Terra Clean Energy Announces Non-Brokered Private Placement and Effective Date of Share Consolidation\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 Not for distribution to United States\nnewswire services or for release publication, distribution or\ndissemination directly, or indirectly, in whole or in part, in or into\nthe United States.\n \n\n\n\n Vancouver B.C. -\n \n\n TheNewswire\n-\n \n\n December\n4, 2024\n \n\n – TERRA CLEAN ENERGY\nCORP.\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 T1KC\n \n\n )\n \n\n ,\n \n\n is pleased to\nannounce that further to its November 25, 2024 press release, the\nCompany intends to complete a private placement of units (the\n“\n \n\n Units\n \n\n ”) and flow-\n \n\n through common shares in\nthe capital of the Company (“\n \n\n FT Shares\n \n\n “), to raise aggregate gross\nproceeds of up to $3,000,000 (the “\n \n\n Private Placement\n \n\n “).  The non-flow through component of the Private\nPlacement will consist of up to 12,000,000 Units at a price of $0.125\nper Unit for aggregate gross proceeds of up to $1,500,000 (the\n“\n \n\n Non-FT Offering\n \n\n ”).  Each Unit will consist of one common share in the\ncapital of the Company (a “\n \n\n Common Share\n \n\n ”), and one whole Common Share\npurchase warrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant will be exercisable at a price of $0.20 for a period of 36\nmonths following the closing of the Non-FT Offering.\n \n\n\n\n The flow-through component of the Private Placement\nwill consist of up to 11,111,111 FT Shares at a price of $0.135 per FT\nShare, for aggregate gross proceeds of up to $1,500,000 (the\n“\n \n\n FT Offering\n \n\n “). Each FT Share will qualify as a “flow-through\nshare” as defined in subsection 66(15) of the\n \n\n Income Tax Act\n \n\n (Canada).\n \n\n\n\n The gross proceeds of the FT Offering will be used by\nthe Company to incur eligible “Canadian exploration expenses” that\nwill qualify as “flow-through critical mineral mining\nexpenditures” as such terms are defined in the\n \n\n In...

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