Terra Balcanica Announces Private Placement Financing
TERRA BALCANICA ANNOUNCES PRIVATE PLACEMENT FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – December 1st, 2023 – Terra Balcanica Resources Corp.
(“Terra” or the “Company”) (CSE:TERA) announces the intent to complete a non-brokered,
private placement (“Private Placement”) for gross proceeds of up to $150,000 through the
issuance of up to 3,750,000 common shares (“Common Shares”) at a purchase price of $0.04
per share.
The Common Shares will be offered by way of prospectus exemptions in Canada and the
Common Shares sold in the Private Placement will be subject to a hold period of four months
plus one day. The Closing Date is expected to occur on or about December 11th, 2023, subject
to regulatory approvals, including the approval by the CSE and certain other customary
conditions including, but not limited to, execution of subscription agreements between the
Company and the subscribers . The Private Placement will be utilized for opportunities in the
critical battery metal exploration space in the Western Balkans.
About the Company
Terra Balcanica is a polymetallic exploration company targeting large- scale mineral systems
in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor -Zanik
Project in eastern Bosnia and Herzegovina, 100% of the Kaludra and Ceovishte mineral
exploration licences in Serbia. The Company emphasizes responsible engagement with local
communities and stakeholders. It is committed to proactively implementing Good International
Industry Practice (GIIP) and sustainable health, safety and environmental management.
ON BEHALF OF THE BOARD OF DIRECTORS
Terra Balcanica Resources Corp.
Aleksandar (Alex) Mišković
President and CEO
For further information, please contact [email protected], or visit our website
at www.terrabresources.com.
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 expressions are intended to identify forward-looking
statements. These statements involve 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. 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 ex pectations 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.