Breaking News: Canterra Minerals Launches Exciting Brokered Private Placement for Up to C$3.0 Million in Gross Proceeds!

Description:

Vancouver, British Columbia–(Newsfile Corp. – December 4, 2024) – Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (“Canterra” or the “Company”) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (the “Agent”) to act as sole agent and bookrunner in connection with a “best efforts” private placement (the “Offering”) for aggregate gross proceeds of up to C$3,000,000 from the sale of (i) units of the Company (each, a “Unit”) at a price of C$0.10 per Unit, subject to the minimum sale of 5,000,000 Units for gross proceeds of at least C$500,000 from the sale of Units, and (ii) common shares of the Company to be issued as “flow-through shares” (each, a “FT Share” and collectively with the Units, the “Offered Securities”) within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Income Tax Act”) at a price of C$0.12 per FT Share. Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”).

Blog Post Article:

Exciting news for investors and stakeholders in the mining industry as Canterra Minerals Corporation announces a brokered private placement for up to C$3.0 million in gross proceeds. This strategic move by Canterra aims to raise capital through a private offering facilitated by Red Cloud Securities Inc., signaling confidence in the company’s growth prospects and future projects.

The private placement, structured as a “best efforts” offering, will involve the sale of units of the Company and common shares issued as “flow-through shares” to meet the financial objectives set by Canterra Minerals. With a minimum target of 5,000,000 units to be sold, investors have the opportunity to participate in the company’s expansion at a price point that reflects the current market value of the securities.

Each unit offered will comprise a common share of Canterra Minerals and a common share purchase warrant, providing investors with added value and potential for future gains. The flow-through shares issued will be in compliance with the Income Tax Act, further enhancing the attractiveness of the offering to Canadian investors seeking tax benefits.

Canterra Minerals Corporation’s partnership with Red Cloud Securities Inc. as the sole agent and bookrunner for this private placement underlines the company’s commitment to working with reputable institutions to drive its fundraising efforts. The collaboration is expected to streamline the process and ensure the success of the offering, benefiting both the company and its investors.

This announcement comes at a pivotal time for Canterra Minerals as it seeks to capitalize on the growing demand for mineral resources and expand its presence in the market. By securing up to C$3.0 million in gross proceeds, the company can accelerate its exploration and development activities, potentially unlocking new opportunities for value creation.

How This Will Affect Me:

As an individual investor, the launch of Canterra Minerals’ brokered private placement presents an opportunity to participate in the company’s growth trajectory. By investing in the offered securities, you can potentially benefit from the future success and expansion of Canterra Minerals, while also diversifying your investment portfolio.

How This Will Affect the World:

Canterra Minerals’ successful private placement will not only impact the company and its investors but also the mining industry at large. By raising capital for exploration and development, Canterra can contribute to the discovery and extraction of valuable mineral resources, driving economic growth and innovation in the sector.

Conclusion:

In conclusion, Canterra Minerals’ launch of a brokered private placement for up to C$3.0 million in gross proceeds signifies a significant milestone for the company and its stakeholders. The strategic move is poised to support Canterra’s growth objectives and pave the way for new opportunities in the mining industry, benefiting both investors and the broader market.