- Terreno Resources Corp. (TNO.H) is closing its $325,500 private placement financing
- The company issued a total of 6,510,000 units at $0.05
- The company is also seeking exchange approval for a shares for debt settlement of $45,000 owed to the CEO
- Terreno Resources Corp is engaged in the acquisition, exploration, and development of mineral properties in Canada and Mexico
- Terreno Resources Corp. (TNO.H) is up 25 per cent on the day, trading at C$0.025 per share at 3:30 pm ET
Terreno Resources Corp. (TNO.H) is closing its $325,500 private placement financing.
The company issued a total of 6,510,000 units at $0.05. Each unit consists of one common share and one full share purchase warrant. Each warrant is exercisable to purchase one additional share at $0.06 for twelve months from the date of closing.
The first tranche consisted of 4,910,000 common shares and 4,910,000 warrants. The second tranche consisted of 1,600,000 common shares and 1,600,000 warrants.
The company is also seeking exchange approval for a shares for debt settlement of $45,000 owed to the CEO with the issue of 600,000 common shares on September 20, 2021 and 300,000 common shares issued November 5, 2021.
Subsequent to the close of this financing and the shares for debt transactions, Terreno Resources has 58,971,506 common shares issued and outstanding.
Terreno Resources Corp is engaged in the acquisition, exploration, and development of mineral properties in Canada and Mexico.
Terreno Resources Corp. (TNO.H) is up 25 per cent on the day, trading at C$0.025 per share at 3:30 pm ET.