Gold Terra Secures C$7 Million in Oversubscribed Private Placement

Gold Terra Resource Corp has successfully closed an oversubscribed private placement, raising C$7 million. The funding was secured through the issuance of 15 million common shares at C$0.10 per share, 35 million charitable flow-through shares at C$0.14 per share, and 5 million flow-through shares at C$0.12 per share. The funds will support exploration activities at the Con Mine Option property.

The placement saw participation from company insiders, raising C$36,000 and qualifying under Canada’s Income Tax Act for flow-through mining expenditure benefits. The raised capital will be used for Canadian exploration expenses and advance Gold Terra's drilling program, starting January 2026.

Chairman & CEO Gerald Panneton praised shareholder support, noting the funds will aid expansion efforts on the Campbell Shear target. The company aims to enhance mineral resource estimates and reestablish Yellowknife as a major gold mining district.