Gold Terra Concludes Non-Brokered Private Placement

Gold Terra Resource Corp has announced the successful closing of a non-brokered private placement, raising gross proceeds of C$572,500. This was achieved through the sale of 11,450,000 common shares at C$0.05 each. Notably, an insider participated, acquiring 2,000,000 shares, a "related party transaction" exempt from certain shareholder approval requirements.

A finder’s fee of 6% cash, amounting to C$15,600, was paid. The raised funds are earmarked for exploration expenses on the Con Mine Option property and the Campbell shear area, alongside general corporate purposes.

CEO Gerald Panneton expressed gratitude to shareholders for their support. The drilling program at the Con Mine aims to expand resources targeting the Campbell Shear structure, known for its past prolific gold production.