Terra Balcanica Resources Corp. announced a non brokered private placement to issue 3,750,000 common shares at a purchase price of CAD 0.04 per share for the gross proceeds of CAD 150,000 on December 1, 2023. The Common Shares will be offered by way of prospectus exemptions in Canada and the Common Shares sold in the Private Placement will be subject to a hold period of four months plus one day.

The Closing Date is expected to occur on or about December 11th, 2023, subject to regulatory approvals, including the approval by the CSE and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers.