VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ('Gold Terra' or the 'Company') is pleased to announce the closing of a non-brokered private
VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Gold Terra Resource Corp. is pleased to announce the closing of a non-brokered private placement for gross proceeds of C$572,500 from the sale of 11,450,000 common shares of the Company at a price of C$0.05 per Common Share.
A finder's fee of 6% cash totaling C$15,600 was paid to certain finders. All securities are subject to a four-month hold period from the date of closing. Gerald Panneton, Chairman & CEO commented,"I would like to thank our current shareholders and several new ones who participated in this financing for their continued support of Gold Terra. Our 2024/2025 program will resume with the wedging program which is testing the Campbell shear structure with our completed master hole GTCM24-056 below the existing working of the Con Mine which produced 5.1 Moz of gold at an average grade of 16 g/t.
The YP and CMO properties lie on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts the former-producing high-grade Con and Giant gold mines.
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