Terra Balcanica Closes First Tranche While Extending Life Offering and Exercises First Year of Option Agreement
CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
TERRA BALCANICA CLOSES FIRST TRANCHE WHILE EXTENDING LIFE
OFFERING AND EXERCISES FIRST YEAR OF OPTION AGREEMENT
Vancouver, British Columbia – July 11th, 2025 – Terra Balcanica Resources Corp. (“Terra” or
the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce the closing of the first tranche
of its non-brokered, listed issuer financing exemption private placement (the “Private Placement”
or “Offering”) for gross proceeds of C$814,914 through the issuance of 8,149,141 units (each a
“Unit”) at a purchase price of C$0.10 per Unit. Each Unit is comprised of one common share in
the capital of the Company ( “Common Share”) and one -half of one Common Share purchase
warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to purchase one
Common Share (“Warrant Share”) at an exercise price of C$0.20 per Warrant Share for a period
of 24 months from the closing date of the Private Placement or its respective tranches (the “Closing
Date”). Finders’ fees in the amount of $28,000 were paid.
The Company also announces that it is extending the final Closing Date of the Private Placement,
to raise up to total gross proceeds of C$1,117,495, to on or before August 11th, 2025. A second
amended and restated offering document has been filed on under the Company’s profile at the
www.sedarplus.ca website and on the Company’s webpage at www.terrabresources.com . The
Private Placement is subject to the approval by the Canadian Securities Exchange (the “CSE”).
See the Company’s press release dated April 16 th, 2025 for further details regarding the Private
Placement.
Aleksandar Mišković, President and CEO of the Company commented: “We are pleased to
have secured the funds to start executing the Phase III drill campaign at Viogor-Zanik as we aim
to close the remaining amount as soon as poss ible. It is worth highlighting a significant
participation of Dundee Corporation in the current round as a sign of interest and approval of the
work done by Terra thus far considering Dundee’s recent acquisition of the Adriatic Metals’ well
known Vareš silver mine in Bosnia.”
Aleksandar Mišković, President and CEO of the Company (the “ Insider”), purchased 300,000
Units as part of the first tranche 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 are independent in connection with this transaction. No materially contrary view or
abstention was expressed or made by any director of the Company in relation thereto.
CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6
Subject to compliance with applicable regulatory requirements, the Private Placement is being
conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument
45-106 – Prospectus Exemptions. The securities issued to purchasers in the Private Placement will
not be subject to a hold period under applicable Canadian securities laws. There is a second
amended and restated offering document related to the Private Placement that can be accessed
under the Company’s profile at the www.sedarplus.ca website and on the Company’s webpage at
www.terrabresources.com. Prospective investors should read this second amended and restated
offering document before making an investment decision.
Exercising 1st Year of the Uranium Option Agreement
Pursuant to the definitive option agreement signed with Fulcrum Metals Plc. and Fulcrum Metals
(Canada) Ltd. (collectively “Fulcrum ”) on the 3 rd of July, 2024 (the “Agreement”), Terra has
determined to exercise its right to complete the 1st year of the option conditions required for Terra
to acquire a 100% interest in the Fulcrum’s Charlot- Neely Lake, Fontaine Lake, Snowbird, and
South Pendleton licence clusters located along northern and southeastern margins of the renowned
Athabasca Basin. In consideration for exercising the 1st year of the option conditions, Terra will
pay Fulcrum C$50,000 in cash and issue Fulcrum Metals (Canada) Ltd. C$350,000 of Terra
common shares at the 10 -day volume weighted average trading price ending three trading days
prior to the date of issuance, subject to the minimum pricing requirements of the CSE. The
common shares of the Company issued in connection with the Agreement are subject to a hold
period of four months from the date of issuance in accordance with applicable securities laws in
Canada and the policies of the CSE. See the Company’s press release dated July 3, 2024 for further
details regarding the Agreement.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, 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 U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
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 a 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The
Canadian assets comprise a 100% optioned portfolio of uranium -prospective licences at the
outskirts of the 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 proactively implementing Good Interna tional Industry Practice
(GIIP) and sustainable health, safety, and environmental management.
CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6
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 expressions are intended
to identify forward-looking statements. Forward-looking statements contained in this press release
include, but are not limited to, the terms and completion of the Private Placement , and the
anticipated Closing Date, and the completion of the option conditions under the Agreement. 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
Private Placement; the state of the equity financing markets in Canada and othe r jurisdictions;
volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations;
and fluctuations in metal prices . Such forward-looking statements s hould 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.