Gold Terra Resource Corp. Announces Closing of First Tranche of Financing
Vancouver, BC – Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) (the “Company” or “Gold Terra”) is thrilled to share some exciting news with its community. The Company has recently closed the initial phase of a non-brokered financing, as previously announced on March 31, 2025.
First Tranche Details
Under the terms of the First Tranche, Gold Terra successfully raised a total gross proceeds of C$1,843,000. This was achieved through the issuance of:
- 15,860,000 common shares of the Company at an issue price of $0.05 per share, for gross proceeds of C$793,000.
- 15,000,000 charitable flow-through common shares of the Company at an issue price of $0.07 per share, for gross proceeds of C$1,050,000 charitable flow-through.
Impact on Gold Terra
This successful financing will significantly contribute to the Company’s ongoing exploration activities. The funds raised will be allocated towards furthering Gold Terra’s mission to explore, develop, and potentially discover new mineral resources in the prolific Yellowknife gold district, located in the Northwest Territories, Canada.
Impact on the World
The mining industry, and particularly the gold sector, plays a crucial role in the global economy. Gold Terra’s successful financing not only supports the Company’s growth but also contributes to the broader economic landscape. The exploration and potential discovery of new mineral resources can lead to job creation, economic growth, and increased revenue for the governments involved. Moreover, the mining industry is a significant consumer of energy, and advancements in mining technologies can lead to increased energy efficiency and reduced environmental impact.
Conclusion
Gold Terra Resource Corp.’s successful closing of the First Tranche of its non-brokered financing is a significant milestone for the Company. The funds raised will be instrumental in advancing Gold Terra’s exploration activities and contributing to the global mining industry’s growth. Stay tuned for further updates as we continue our mission to discover new mineral resources in the Yellowknife gold district.
As a responsible and environmentally-conscious corporation, Gold Terra remains committed to conducting its operations in a manner that respects the environment and contributes positively to the communities in which it operates.
For further information, please contact:
Gold Terra Resource Corp.
David Suda, President and CEO
Phone: 604-689-6548
Email: [email protected]
Website: www.goldterracorp.com
