31 March 2025
Vancouver, BC – March 31, 2025 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC QB: YGTFF) (“Gold Terra” or the “Company”) is pleased to announce a non-brokered financing of C$2,400,000 consisting of hard dollar and charitable flow-through (together the “Financing”). The Company expects to raise gross proceeds of C$1,000,000 from the issuance of 20,000,000 common shares of the Company (the “Shares”) at an issue price of $0.05 per Share, and gross proceeds of C$1,400,000 from the issuance of 20,000,000 charitable flow-through common shares of the Company (the “CFT Shares”) at an issue price of $0.07 per CFT Share. The CFT Shares will qualify as “flow-through” shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
In addition to the closing of the Financing of C$2,400,000, Osisko Gold Royalties Ltd has elected to early exercise the first tranche of its royalty option for a 2% NSR royalty on Gold Terra’s Yellowknife Property in exchange for a cash payment of C$2,000,000. Gold Terra’s cash balance will then increase to C$4,400,000 less some finders’ fees.
The Financing is expected to close on or about April 11, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.