Canterra Minerals Corporation has announced a non-brokered private placement of up to 3,333,333 flow-through common shares of the company at a price of CAD 0.30 per flow-through share for gross proceeds of up to approximately CAD 1,000,000 on December 9, 2021. The transaction is scheduled to close on or about December 31, 2021. A cash commission may be paid to eligible finders in accordance with the TSXV policies. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction is subject to the satisfaction of certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.