Terra Balcanica Closes Fully Subscribed LIFE Offering

Core Viewpoint - Terra Balcanica Resources Corp. successfully closed the second and final tranche of its private placement, raising a total of C$1,117,495 through the issuance of 11,174,950 units at a price of C$0.10 per unit, which includes common shares and warrants [1][2]. Financing Details - The final tranche raised gross proceeds of C$302,581 through the issuance of 3,025,809 units, with each unit consisting of one common share and one-half of a warrant [1]. - Each warrant is exercisable at C$0.20 per share for a period of 24 months from the closing date [1]. - The initial tranche closed on July 11, 2025, raising C$814,914 through 8,149,141 units [1]. Insider Participation - Kim Oishi, a director of the company, purchased 25,809 units in the final tranche, which is classified as a related party transaction [2]. - The company relied on exemptions from valuation and minority approval requirements as the insider's participation did not exceed 25% of the company's market capitalization [2]. Regulatory Compliance - The private placement was conducted under the listed issuer financing exemption, and the securities issued are not subject to a hold period under Canadian securities laws [3]. - However, the Finder's Warrants issued are subject to a hold period expiring on December 14, 2025 [3]. Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration in the Balkans and northern Saskatchewan, Canada, with a 90% interest in the Viogor-Zanik Project in Bosnia [5]. - The company emphasizes responsible engagement with local communities and adheres to Good International Industry Practice (GIIP) [5].