Teras Resources Inc. announced that it has received CAD 1.07485 million in funding
On July 2, 2021, Teras Resources Inc. closed the transaction. The company amended the terms of the transaction and issued 21,497,000 units for a gross proceeds of CAD 1,074,850. The company has paid finders' fee of CAD 30,810 in cash and issued 581,000 B warrants in the transaction with finder's fees to PI Financial Corp., of CAD 1,750 in cash; Research Capital, CAD 22,050 in cash and 441,000 broker warrants; GloRes Securities Inc., CAD 7,000 in cash and 140,000 broker warrants. Each broker warrant is exercisable at CAD 0.05 per share for a period of two years from the date of issuance. The transaction included participation from 15 placees and a pro group for 100,000 units. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.