Terra Balcanica Announces Increase to Private Placement
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
TERRA BALCANICA ANNOUNCES INCREASE TO PRIVATE PLACEMENT
Vancouver, British Columbia – July 17th, 2024 – Terra Balcanica Resources Corp. (“Terra” or
the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce that due to investor interest it
is increasing the amount of its previously announced non-brokered private placement financing on
May 17th, 2024 (the “Offering”) of units (the “Units”) to raise aggregate gross proceeds of up to
$1,450,000. The Company previously closed an initial tranche of the Offering for gross proceeds
of $205,750, as described in the Company’s pr ess release dated June 17 th, 2024. The Company
intends to complete two additional tranches of the Offering.
The Company intends to issue an aggregate of up to 14,500,000 Units at a price of $0.10 per Unit
pursuant to the Offering. Each Unit will consist of one common share in the capital of the Company
(each a “Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each
Warrant issued will entitle holder to purchase one Common Share at an exercise price of $0.15 for
a period of 36 months from the date of issuance of the Warrant.
The Company intends to use the net proceeds of the Offering for working capital and to fund the
Phase III drilling campaign across its portfolio of properties.
Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection
with the Offering are subject to a four (4) month hold period from the applicable closing date. The
Offering is subject to the approval of the Canadian Securities Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act ”) or any state
securities laws, and may not be offered or sold within the United States, or to or for the account or
benefit of any U.S. P erson or any person in the United States, unless registered under the U.S.
Securities Act and ap plicable state securities laws or an exemption from such registration is
available. “United States ” and “U.S. Person ” are as defined in Regulation S under the U.S.
Securities Act.
About the Company
Terra Balcanica is a polymetallic and energy metals exploration company targeting large- scale
mineral systems in the Balkans of southeastern Europe and norther n Saskatchewan, Canada. The
Company has 90% interest in the Viogor -Zanik Project in eastern Bosnia and Herzegovina and
owns 100% of the Ceovishte mineral exploration licence in southern Serbia. The Canadian assets
comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-
renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton.
The Company emphasizes responsible engagement with local communities and stakeholders. It is
committed to proa ctively implementing Good International Industry Practice (GIIP) and
sustainable health, safety, and environmental management.
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
ON BEHALF OF THE BOARD OF DIRECTORS
Terra Balcanica Resources Corp.
“Aleksandar Mišković”
Aleksandar Mišković
President and CEO
For the complete information on this news release, please contact Aleksandar Mišković at
[email protected], +1 (514) 796-7577, or visit www.terrabresources.com/en/news.
Cautionary Statement
This news release contains certain forward-looking information and forward-looking statements within the
meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of
the words “will”, “intends” and similar exp ressions are intended to identify forward-looking statements.
Forward-looking statements contained in this press release include, but are not limited to, the closing and
structure of the Offering and the use of proceeds for the Offering . These statements i nvolve known and
unknown risks, uncertainties and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. These forward-looking statements are based on
a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain
regulatory approval for the Offering; volatility and sensitivity to market prices; volatility and sensitivity to
capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not
be unduly relied upon. Actual results achieved may vary from the information provided herein as a result
of numerous known and unknown risks and uncertainties and other factors. The Company believes the
expectations reflected in those forward-looking statements are reasonable, but no assurance can be given
that these expectations will prove to be correct. The Company does not undertake to update these forward-
looking statements, except as required by law.