Terra Balcanica Closes Oversubscribed Private Placement Financing and Grants Stock Options
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 CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING
AND GRANTS STOCK OPTIONS
Vancouver, British Columbia – February 26th, 2025 – Terra Balcanica Resources Corp. (“Terra”
or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the second and
final tranche of the previously announced non- brokered private placement financing (the
“Offering”) of units (the “Units”) for gross proceeds of $442,000 Canadian, resulting in aggregate
of $571,000 raised in the Offering.
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The Company issued 4,420,000 Units in this round and an aggregate of 5,710,000 Units at a price
of $0.10 per Unit pursuant to the Offering announced on January 21st, 2025. Each Unit consists 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 in the final tranche of the
Offering entitles the holder to purchase one Common Share at an exercise price of $0.15 until
February 26th, 2028. Finders’ fees in the amount of $ 28,840 were paid in this tranche of the
Offering. Terra intends to use the net proceeds of the Offering for land holding costs and project
payments as well as for working capital purposes.
Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection
with the closing of the second and final tranche of the Offering are subject to a four (4) month hold
period ending June 27th, 2025. 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. person or any person in the United States, unless registered under the U.S.
Securities Act and applicable state securi ties laws or an exemption from such registration is
available. “ United States ” and “ U.S. Person ” are as defined in Regul ation S under the U.S.
Securities Act.
Option Grant
The Company announces the grant of 2,900,000 incentive stock options (the “Options”) to certain
officers, employees, 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 5
years from date of issuance.
The Company's marketing and investor relation service provider Paradox Public Relations Inc. has
been granted 500,000 options to be exercised at a price of C$0.105 per common share for a period
of 60 months from the date of issuance with 125,000 options vesting quarterly for the next year.
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 -prospective
licences along 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 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
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 use of
proceeds for the Offering . 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 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 state ments 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.