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VANCOUVER, BC / ACCESS Newswire / July 24, 2026 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions and Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption for total gross proceeds of C$10,800,000, with C$8,750,200 closing today (the "Offering"). We welcome the support of new shareholders, and want to highlight the continued support of many shareholders such as David Harquail and Mackenzie Fund. The closing of the second tranche of the Offering is expected to occur on or around July 31, 2026 and is subject to certain conditions.
The Offering comprises the issuance of 8,612,223 common shares of the Company (the "HD Shares") at an issue price of C$0.18 per HD Share for gross proceeds of C$1,550,200, 20 million charity flow-through common shares of the Company (the "CFT Shares") at an issue price of C$0.25 per CFT Share for gross proceeds of C$5,000,000 and 10 million flow-through common shares of the Company (the "FT Shares") at an issue price of C$0.22 per FT Share for gross proceeds of C$2,200,000. The CFT Shares and the FT Shares will qualify as "flow-through" shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")). The HD Shares, the CFT Shares and the FT Shares are collectively referred to herein as the "Offered Securities".
