TERRA CLEAN ANNOUNCES LIFE OFFERING
Globenewswire·2025-10-20 20:05

Core Viewpoint - Terra Clean Energy Corp. is conducting a non-brokered private placement to raise between C$1,400,000 and C$2,732,849 by issuing units at C$0.14 each, with each unit consisting of one common share and one-half warrant [1][2]. Group 1: Offering Details - The offering will consist of a minimum of 10,000,000 units and up to 19,520,350 units, with each warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1][2]. - The expected closing date for the offering is around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canada (excluding Quebec) and other qualifying jurisdictions without a hold period [3]. Group 4: Finder's Fee - The company may pay a finder's fee of up to 7% of the aggregate proceeds in cash and non-transferrable finder warrants [4]. Group 5: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].