Terra Balcanica Announces Results of 2022 Annual General Meeting and Appoints New Director
TERRA BALCANICA ANNOUNCES RESULTS OF
2022 ANNUAL GENERAL MEETING AND APPOINTS NEW DIRECTOR
Vancouver, British Colum bia – August 16, 2022 – Terra Balcanica Resources Corp. (“Terra”
or the “Company”) (CSE:TERA) announces that shareho lders voted in favo r of all resolutions
presented in its management information circular at the A nnual General Meeting of
Shareholders (the “Meeting”) held on August 15 th, 2022. A total of 20,252,760 common
shares were voted at the Meeting, re presenting 27.55% of the votes attached to all
outstanding common shares with all resolutions passing with 100% approval.
Terra is pleased to welcome Mr. Steven Latimer, ICD.D, CFA, MBA to the Board of
Directors . Mr. Latimer is a global investment banking and capital markets professional with
over 30 years of experience. A leader with an expansive history of leading financing
transactions for mining companies via IPOs, equity, debt and royalty financings, private
placements, and joint ventures for both junior and large multi -national mining companies. In
addition, Steven has extensive experience in leading complex cross -border advisory
transactions. He is currently Managing Director and Head of London -based Bacchus
Capital’s North American Investment Banking and Merchant Capital Business. From 2012-
2020, Steve was Head of Jefferies’ Canadian Investment Banking Business and President of
Jefferies Securities Inc. and prior to that, he was Head of Credit Suisse’s Canadian
Investment Banking Metals and Mining Group and in senior leadership roles at UBS
(Bunting Warburg). Steven is a CFA Charterholder and hold the Institute of Corporate
Directors (ICD.D) director designation. Mr. Latimer received his MBA from t he Kellogg
Graduate School of Management at Northwestern University and an HBA from t he
University of Western Ontario.
Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “Terra is truly fortunate to add
Mr. Latimer to the echelons of its senior management team. Steve has been a supporter of the
Company and shares the common vision of Terra as both an agile regional explorer and an early
mover into Bosnia and Herzegovina. His capital markets expertise and knowledge of the resources
sector from both sides of the Atlantic will serve us well during the next phase of the corporate
development. I wholeheartedly welcome Mr. Latimer to Terra’s Board of Directors in anticipation
of an exciting quarter and the year ahead.”
A
bout 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 mineral exploration licence in Serbia
and has a pending exploration license at the Ceovishte property 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 Mišković”
Aleksandar Mišković,
CEO and Director
For further information, please contact Aleksandar Mišković at [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 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.