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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
