Teras Resources Inc. (TSXV:TRA) announced a non-brokered private placement of up to 5,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on April 10, 2019. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CAD 0.05 per share for a period of one year from the issuance of such warrant. The transaction is subject to approval of the TSX Venture Exchange. A finder's fee and or finder warrants may be paid on the gross proceeds of all or any portion of the private placement. The securities issued are subject to a hold period of four months and a day from the date of closing.