Terra Balcanica Resources Closes Oversubscribed Private Placement Financing

About this update from Terra Balcanica Resources Corp.

Vancouver, British Columbia, April 14, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTCQB:TEBAF) is pleased to announce closing of the non-brokered private placement financing (the “Offering”) of units (the “Units”) for gross proceeds of $439,370.41 Canadian. The Company issued 8,787,408 Units at a price of C$0.05 per Unit pursuant to the Offering announced on March 23rd, 2026. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant issued in the Offering entitles the holder to purchase one Common Share at an exercise price of C$0.10 until April 14th, 2028. Finders’ fees in the amount of C$12,950 were paid to arm’s length finders that located purchasers for the Offering. Additionally, 259,000 finders’ warrants were issued. The Company intends to use the proceeds of the Offering for land holding costs, to renew the mineral exploration properties in Bosnia and Herzegovina and for general working capital purposes. Pursuant to applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the “Exchange”), all securities issued and issuable in connection with the closing of the Offering are subject to a four (4) month hold period ending August 15th, 2026. The Offering is subject to the policies and approval of the Exchange. Dr. Aleksandar Mišković, Director and CEO of the Company (the “Insider”), purchased 300,000 Units as part of the Offering. The issuance of the Units to the Insider constitutes a “related party transaction” as this term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by the Insider as a result of his participation in the Offering. The Company is relying on the exemption from the valuation requirement and minority approval requirement pursuant to subsection 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the Insider participation does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The participation by the Insider in the Offering was approved by directors of the Company who ar...

View stock analysis, news, and events for Terra Balcanica Resources Corp.