Mining & Metals
Terra Balcanica Resources Plans to Raise up to C$750,000 Through a Private Placement
Terra Balcanica Resources (TERA.CN) on Wednesday said ti plans to raise up to C$750,000 through a non-brokered private placement of share units.The company said it will place up to 15-million units in the financing, with each priced C$0.05 and made up of a share and a two-year warrant to buy a share for C$0.10.Proceeds will be used to pay for the costs of a UK stock exchange listing, executing a ground geophysical survey at the Cumavici target, and starting the Phase IV drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina, said the company.The company's shares last traded June 22, closing at C$0.05 on the Canadian Securities Exchange.
$TERA.CN
