Gold Terra Announces Flow-Through Financing

Gold Terra Resource Corp., listed on TSXV, Frankfurt, and OTCQB, has announced a non-brokered private placement aiming to raise up to $180,000. This involves issuing up to three million flow-through shares at $0.06 each, expected to close on December 16, 2024. Insiders are participating in this offering, which qualifies as a "related party transaction" but is exempt from certain regulatory requirements.

The proceeds will fund exploration expenses, particularly for drilling on the Con Mine Option property in the Northwest Territories. The funds, under Canadian tax law, will support eligible Canadian exploration expenditures. A four-month hold period applies to all securities from the closing date. Gold Terra has committed to indemnify subscribers against any tax liability if expenses are not renounced as agreed.