Gold Terra Resource Corp: Gold Terra Announces Closing of C$2.88 Million Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / March 4, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FSE:TX0)(OTCQX:YGTFF) ( Gold Terra or the Company ) is pleased to announce that it has completed the previously announced non-brokered private placement of 8,000,000 flow-through common shares of the Company (the FT Shares ) at a price of C$0.36 per FT Share for gross proceeds to Gold Terra of C$2,880,000 (the Offering ).
David Suda, President and CEO, stated, This financing allows us to double our current drilling program to over 20,000 meters from the original 10,000 meters on the Campbell Shear zone. Securing this funding puts Gold Terra in the desirable position of being able to deliver results to the market well into 2021. The Campbell Shear structure extends over a minimum of 20 kilometres south of the Con Mine and we have only started to drill a small portion of it.
Gold Terra Announces Closing of C$2 88 Million Non-Brokered Private Placement
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Gold Terra Announces C$2 88 Million Non-Brokered Private Placement
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VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:YGTFF) ( Gold Terra or the Company ) is pleased to provide an update on the ongoing drilling at the Company s optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the Newmont Option ) adjacent to its 100% owned Yellowknife City Gold Project ( YCG ), NWT. The fully funded drilling program is targeting the immediate southern extension of the Campbell Shear, which hosted approximately 5 of the 6 million ounces of gold produced at the former Con Mine and is currently one of the highest priority targets to add additional high-grade ounces to the current YCG mineral resource.