TERRA CLEAN COMPLETES $2.5 MILLION FUNDRAISING ROUND
Private Placement Offering: Terra Clean Energy Corp. has successfully closed a non-brokered private placement, issuing 17,641,293 units for gross proceeds of $2,469,781.02, with each unit consisting of one common share and one-half of a common share purchase warrant.
Use of Proceeds: The funds raised will be allocated towards the purchase of Utah claims, future exploration and development costs, and general working capital.
Regulatory Compliance: The offering was conducted under the Listed Issuer Financing Exemption, meaning the issued units are not subject to a hold period under Canadian securities laws.
Company Overview: Terra Clean Energy Corp. is focused on uranium exploration and development, particularly the South Falcon East uranium project in Saskatchewan, Canada, and past producing mines in Utah, USA.
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