Canterra Minerals Corporation announced a non-brokered private placement of 20,833,333 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 1,249,999.98 on May 13, 2024. Each Unit will consist of one common share of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional common share of the company at a price of CAD 0.09 for a period of two years from the date of issuance.

The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. Closing of the Offering is expected to occur on or about June 5, 2024, and remains subject to the acceptance of the TSX Venture Exchange. In connection with the Offering, certain arm?s length persons may be eligible to receive finder?s fees in accordance with TSXV policies, payable in cash and warrants, representing up to 6% of the proceeds placed by such persons.