Gold Terra Resource Corp. closes $5.6 million bought deal financing

February 28, 2022

On February 28, 2022, Gold Terra Resource Corp. (TSX-V:YGT; Frankfurt:TX0; OTCQX:YGTFF) (“Gold Terra”) announced the completion of its bought deal financing (the “Offering”), including the exercise in full of the underwriters’ over-allotment option. Pursuant to the Offering, (i) 8,912,500 charitable flow-through common shares (the “Charitable FT Shares”) were issued at a price of C$0.30 per Charitable FT Share, (ii) 8,046,700 traditional flow-through common shares (the “Traditional FT Shares”) were issued at a price of C$0.24 per Traditional FT Share, and (iii) 4,761,966 common shares (the “Common Shares”) were issued at a price of C$0.21 per Common Share, for aggregate gross proceeds of C$5.6 million.

The Offering was made through a syndicate of underwriters led by Stifel GMP and including BMO Capital Markets and Beacon Securities Limited (collectively, the “Underwriters”).

Miller Thomson advised the Underwriters on the Offering with a team comprised of Lawrence Wilder, Adam Kline, Brandon Meyer (Capital Markets & Securities); as well as Manjit Singh and Nathalie Marchand (Tax).

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