Gold Terra Secures C$4.4 Million Funding with Osisko Gold Royalties

Gold Terra Resource Corp has announced a funding package totaling C$4.4 million. It includes a non-brokered financing of C$2.4 million, raised through hard dollars and charitable flow-through shares. The financing will see the issuance of 20 million common shares and 20 million charitable flow-through shares, expected to conclude on April 11, 2025.

Furthermore, Osisko Gold Royalties has exercised its option for a 2% net smelter return royalty on Gold Terra's Yellowknife Property, contributing an additional C$2 million. This boosts Gold Terra’s cash reserves to C$4.4 million, less applicable fees.

The proceeds are earmarked for the drilling program on the Con Mine Property, aiming to enhance existing mineral resources. Gold Terra continues to target its high-grade gold assets, reinforcing Yellowknife's historical significance in gold mining.