Oreterra Announces Closing of Final Tranche of $9.7 Million Oversubscribed and Upsized Non-Brokered Private Placement

Core Viewpoint - Oreterra Metals Corp. has successfully closed the second and final tranche of its oversubscribed non-brokered private placement, raising a total of $9.7 million through the issuance of hard-dollar and flow-through units [1][2]. Offering Details - The total gross proceeds from the private placement amounted to $9,684,000, consisting of $5,500,000 from hard-dollar units at $0.45 each and $4,184,000 from flow-through units at $0.50 each [2]. - The final closing included 154,444 hard-dollar units and 660,000 flow-through units, contributing $69,500 and $330,000 respectively to the total [1]. Unit Composition - Each hard-dollar unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.60 for three years [3]. - Each flow-through unit consists of one flow-through share and one common share purchase warrant, also allowing the purchase of an additional share at $0.60 for three years [4]. Financial Advisor and Commissions - The company paid a cash commission of $6,900 to an eligible finder and issued 13,800 broker warrants, with each warrant allowing the purchase of one additional common share at $0.60 for three years [5]. Use of Proceeds - Proceeds from the issuance of flow-through shares will be used for eligible resource exploration expenses, qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures [7]. - The net proceeds from hard-dollar units will primarily fund exploration activities at the Trek property and general working capital [8]. Shareholder Information - Anastasios Drivas has reduced his direct and indirect interest in Oreterra to approximately 7.54% on a non-diluted basis and 8.72% on a partially diluted basis due to the issuance of new units [9]. - Drivas acquired 690,000 flow-through units for investment purposes and has no current intention to change his holdings [10]. Stock Option Plan - The shareholders adopted the 2025 Stock Option Plan, which includes amendments requiring disinterested shareholder approval for any decrease in exercise prices or extensions of stock options for insiders [12][13]. Company Background - Oreterra Metals Corp. began trading under the ticker OTMC on February 2, 2026, following a restructuring of Romios Gold Resources Inc. The company focuses on the Trek South porphyry copper-gold prospect, which is considered a significant target in British Columbia's Golden Triangle [14]. - The company also holds interests in former producers in Nevada and a large property in Ontario, with promising drilling results [15].