Welcome to Canterra Minerals Corporation’s Latest Announcement

Exciting News for Investors

Vancouver, British Columbia–(Newsfile Corp. – December 4, 2024) – Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (“Canterra” or the “Company”) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (the “Agent”) to act as sole agent and bookrunner in connection with a “best efforts” private placement (the “Offering”) for aggregate gross proceeds of up to C$3,000,000.

The Offering consists of the sale of units of the Company (each, a “Unit”) at a price of C$0.10 per Unit, with a minimum sale of 5,000,000 Units for gross proceeds of at least C$500,000. Additionally, common shares of the Company will be issued as “flow-through shares” (each, a “FT Share”) within the meaning of the Income Tax Act at a price of C$0.12 per FT Share. Each Unit will include one common share of the Company and one half of one common share purchase warrant.

This agreement marks a significant milestone for Canterra Minerals Corporation, as it signifies a strategic move to secure funding for future projects and initiatives. The partnership with Red Cloud Securities Inc. will provide the Company with the necessary resources to expand its operations and continue its growth trajectory.

Impact on Investors

For investors, this announcement presents a unique opportunity to participate in Canterra Minerals Corporation’s private placement Offering. By investing in the Company’s Units and FT Shares, investors can contribute to the growth and development of a promising mineral exploration company. The potential for significant returns on investment is an attractive prospect for those looking to diversify their portfolios and capitalize on the mining industry’s growth potential.

Global Implications

Canterra Minerals Corporation’s private placement Offering with Red Cloud Securities Inc. not only benefits investors but also has broader implications for the global mining industry. The influx of capital into Canterra’s operations will fuel exploration efforts, technological advancements, and sustainable practices that can contribute to the overall growth and development of the mining sector. This collaboration sets a positive example for responsible resource development and underscores the industry’s commitment to innovation and environmental stewardship.

Conclusion

Overall, Canterra Minerals Corporation’s agreement with Red Cloud Securities Inc. marks a significant milestone for the Company and the mining industry as a whole. The private placement Offering presents an exciting opportunity for investors to support Canterra’s growth and contribute to the advancement of sustainable mining practices. As the Company continues to expand its operations and explore new opportunities, the impact of this collaboration is expected to be felt both locally and globally, shaping the future of the mining sector.