Canterra Minerals Corporation announced a non-brokered private placement of units at a price of CAD 0.05 per unit and/or flow through common shares of the company at a price of CAD 0.06 for gross proceeds of CAD 750,000 on March 29, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.075 per share for a period of five years from the date of closing.

The company may pay eligible finders cash fees up to 6% of the gross proceeds. The transaction is subject to approval from TSX Venture Exchange. The securities are being subject to four months and one day hold period.

The transaction is expected to close on or about April 28, 2023.