on Gold Terra Resource Corp (CVE:YGT)
Gold Terra Completes First Tranche of C$10.8M Life Offering
Gold Terra Resource Corp., based in Vancouver, has announced the successful close of the first tranche of its private placement, raising C$8,750,200. The company aims to raise a total of C$10.8 million, supported by key shareholders including David Harquail and Mackenzie Fund. The second tranche is anticipated to close by July 31, 2026.
The offering consists of the issuance of common shares and flow-through shares, with proceeds directed towards drilling programs targeting the Campbell Shear structure and historical Con Mine tailings. CEO Gerald Panneton highlighted these efforts as vital steps in proving the project's economic potential.
The financing underscores Gold Terra's strategy in acquiring the Con Mine Option Property, with plans to increase their Mineral Resource Estimate and complete a Preliminary Economic Assessment by the end of 2026. Finders' fees of C$210,350 were paid, and Integrity Capital Group Inc. was enlisted to support financing.
R. P.
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