Gold Terra Secures Final Milestone in C$10.1 Million LIFE Offering

Gold Terra Resource Corp. has successfully completed the final tranche of its private placement, raising gross proceeds of approximately C$10.1 million. This offering, segmented into three parts, cumulatively involved the issuance of 16,009,260 common shares, with the last tranche contributing C$884,800.80 through 4,915,560 shares at C$0.18 each. The proceeds from this financing effort are allocated for general corporate purposes and two key drilling programs at the Campbell Shear target Zone and Con Mine historical tailings.

The drilling programs aim to verify and increase gold reserves at the Con Mine Option property, under an agreement with a Newmont Corporation subsidiary. Despite the challenges of an unregistered offering in the United States, Gold Terra's strategic financing approach demonstrates its commitment to expanding its mineral asset portfolio. This action also seeks to re-establish Yellowknife as a prominent gold mining district in Canada.