on Gold Terra Resource Corp (CVE:YGT)
Gold Terra Unveils C$9.7 Million Private Placement
Gold Terra Resource Corp. has announced a C$9.7 million private placement, with strategic participation from shareholder David Harquail. The placement includes 20 million common shares at C$0.18 each, 20 million charity flow-through shares at C$0.25, and 5 million flow-through shares at C$0.22. The proceeds will support corporate purposes and a planned drilling program on the Con Mine Option property.
The program aims to confirm and expand gold resources, focusing on the northern extension of the Campbell Shear and historical tailings at the Con Mine. The offerings are exempt from certain regulatory requirements, highlighting unique financial strategies for Canadian and international markets. The company plans to close the offering by July 24, 2026, subject to TSX Venture Exchange acceptance.
R. H.
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