Gold Terra Annouces Closing of Oversubscribed C$7.0 Million Private Placement

Core Viewpoint - Gold Terra Resource Corp. has successfully closed an over-subscribed non-brokered private placement, raising a total of C$7,000,000 through the issuance of various types of shares [1] Summary by Category Private Placement Details - The private placement included the issuance of 15 million common shares at an issue price of C$0.10 per share, generating gross proceeds of C$1,500,000 [1] - Additionally, 35 million charitable flow-through common shares were issued at an issue price of C$0.14 per share, resulting in gross proceeds of C$4,900,000 [1] - Furthermore, 5 million flow-through common shares were issued at an issue price of C$0.12 per share, contributing gross proceeds of C$600,000 [1] Tax Implications - The charitable flow-through shares and flow-through shares qualify as "flow-through" shares under the Income Tax Act (Canada) [1]