Sunday, June 29, 2025

Terra Balcanica Looks To Conduct Small Financing

Terra Balcanica (CSE: TERA) this morning indicated that they will be conducting a small private placement. The firm is looking to raise funds via the sale of units at $0.10 per each.

The total financing will looking to raise $500,000, via the sale of 5.0 million units. Each unit contains one common share and one whole warrant, with warrants having an exercise price of $0.15 per each and an expiry of three years from the date of issuance.

Proceeds from the financing are earmarked for further exploration activities at the firms projects in the Balkans, with the closing slated to occur by December 2.

WATCH: Massive Deposits In The Balkans? With Alex Miskovic

The financing follows the company recently seeing success in a drill program conducted at the Viogor-Zanik project in Bosnia and Herzegovina. A phase one drill program so far has posted assay results that include 824.4 g/t silver equivalent over 4.0 metres, as well as 1,196 g/t silver equivalent over 2.0 metres.

Terra Balcanica last traded at $0.09 on the CSE.


FULL DISCLOSURE: Terra Balcanica Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Terra Balcanica Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint 

Related News

Terra Balcania Identifies Polymetallic Sulphides In First Drill Hole

Terra Balcanica (CSE: TERA) has started off its 2022 drill program strong at its Viogor-Zanik...

Tuesday, August 23, 2022, 08:24:18 AM

Terra Balcanica to Ramp Up Drilling in 2023 — With Alex Mišković

Joining us on the Daily Dive today is Alex Mišković, Co-Founder, President & CEO of...

Thursday, March 16, 2023, 01:30:00 PM

Terra Balcanica Intersects Massive Sulfides In Two Step-Out Holes

Terra Balcanica Resources (CSE: TERA) this morning has extended the strike of its polymetallic sulphide...

Tuesday, September 20, 2022, 09:42:08 AM

Terra Balcanica Hits 1,196 g/t Silver Equivalent Over 2.0 Metres In Latest Drill Results

Terra Balcanica (CSE: TERA) this past weekend released further drill results from drilling conducted at...

Monday, October 24, 2022, 08:24:23 AM

Massive Deposits In The Balkans? With Alex Miskovic

Joining SmallCapSteve today is Alex Mišković, Co-Founder, President & CEO of Terra Balcanica Resources Corp...

Tuesday, August 16, 2022, 01:30:00 PM