Terra Balcanica Closes Third Tranche of Private Placement Financing
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
TERRA BALCANICA CLOSES THIRD TRANCHE OF PRIVATE PLACEMENT
FINANCING
Vancouver, British Columbia – September 13th, 2024 – Terra Balcanica Resources Corp.
(“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the 3rd
tranche of the previously announced non- brokered private placement financing (the “Offering ”)
of units (the ” Units”) for gross proceed s of $176, 010 Canadian , resulting in aggregate gross
proceeds of $948, 760 raised in the Offering to date . The Company previously closed the 2 nd
tranche of the Offering for gross proceeds of $567,000 as described in the Company’s press release
dated July 19th, 2024.
The Company issued an aggregate of 1,760,100 Units at a price of $0.10 per Unit pursuant to the
third tranche of the Offering announced on May 17th, 2024 with an oversubscription due to investor
interest. Terra announced an increas e in the amount of the Offering on July 17 th, 2024 to raise
aggregate gross proceeds of up to $1,450,000. 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 third tranche of the Offering entitles the holder
to purchase one Common Share at an exercise price of $0.15 until September 13th, 2027. Finders’
fees in the amount of $1,750 were paid.
Terra intends to use the net proceeds of the Offering for working capital and to fund the field
campaign across its portfolio of properties in Saskatchewan and the Balkans.
Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection
with the closing of the third tranche of the Offering are subject to a four (4) month hold period
ending January 14th, 2025 . The Offering is subject to the approval of the Canadian Securities
Exchange. The Company intends to complete the final tranche of the Offering by the first week of
October, 2024.
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 ap plicable state securities laws or an exemption from such registration is
available. “United States ” and “U.S. Person ” are as defined in Regulation S under the U.S.
Securities Act.
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
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
Company has 90% interest in the Viogor -Zanik Project in eastern Bosnia and Herzegovina and
owns 100% of the Ceovishte mineral exploration licence in southern Serbia. The Canadian assets
comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of 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 I nternational 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 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.