Terra Balcanica Appoints Business Development Officer, Grants Stock Options, and Agrees to Settle Debt FOR Shares
CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
TERRA BALCANICA APPOINTS BUSINESS DEVELOPMENT OFFICER, GRANTS
STOCK OPTIONS, AND AGREES TO SETTLE DEBT FOR SHARES
Vancouver, British Columbia – March 12th, 2025 – Terra Balcanica Resources Corp. (“Terra”
or the “Company”) (CSE:TERA; FRA:UB10) announces the appointment of Mathieu Couillard
as its Business Development Officer.
Mr. Couillard brings a strong background in capital markets and business strategy to his role at
Terra. He is an experienced Board Member and financial consultant with expertise in advising
management and board of directors on capital market strategies. During his career, Mr. Couillard
served as Managing Director of investment banking at Haywood Securities in Toronto, leading the
Special Situations team from 2016 to 2022. Mathieu is an experienced investment banker with
extensive expertise in capital market s. He participated in over C$1 Billion in capital raises for
private and public companies and is the architect of numerous mergers and acquisitions. Prior to
joining Haywood Securities, Mr. Couillard was part of the Risk Management Solutions group
specializing in the sales and structuring of derivative products at National Bank of Canada in
Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank’s investment banking group
in Montreal. Mathieu is a Fellow of the Society of Actuaries and currently sits of on the board of
directors of another TSX Venture listed company. Mr. Couillard has been the President and CEO
of SPOD Lithium Corp. since April, 2024.
In consideration of his business development efforts, the Company will grant Mr. Couillard options
and other compensation at a future date as appropriate, at the discretion of the Board of Directors.
Option Grant
The Company announces the grant of 600,000 incentive stock options (the “Options”) to certain
marketing advisors and consultants in accordance with the Company’s stock option plan (the
“Option Plan”). The Options are exercisable for C$0.105 per common share for a period of 2 years
from the date of issuance.
Shares for Debt
The Company has further agreed to settle outstanding debt in the amount of CDN$15,000 (the
“Debt”) owing to an arm’s length creditor by issuing an aggregate of 166, 666 common shares in
the capital of the Company (the “Common Shares”) at a price of C $0.09 per Common Share (the
“Shares for Debt Transaction”). The Board of Directors has determined it is in the best interests of
the Company to settle the outstanding Debt by the issuance of the Common Shares in order to
preserve the Company’s cash for ongoing operations.
Closing of the Shares for Debt Transaction is subject to customary closing conditions , and the
Company intends to close as soon as practicable. The Common Shares to be issued pursuant to the
Shares for Debt Transaction will be subject to a hold period of four (4) months and one (1) day
from the date of issuance in accordance with applicable securities laws.
CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6
About the Company
Terra Balcanica is a polymetallic and energy metals exploration company targeting large -scale
mineral systems in the Balkans and norther n Saskatchewan, Canada. The Company has 90%
interest in the polymetallic (Sb -Ag-Zn-Pb-Au) Viogor-Zanik Project in eastern Bosnia and
Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium licences along
the world-renowned Athabasca basin in northern Saskatchewan: Charlot- Neely Lake, Fontaine
Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with
local communities and stakeholders. It is committed to proactively implementing Good
International Industry Practice (GIIP) and sustainab le health, safety, and environmental
management.
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 https://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.
The forward -looking statements contained in this press release include, but are not limited to, the
completion of the Shares for Debt Transaction. 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. 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 Shares for Debt Transaction ; 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 assuranc e
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.