Canterra Minerals Corporation announced a non-brokered private placement of 4,285,714 flow-through common shares at a price of CAD 0.07 per FT share for gross proceeds of CAD 299,999.98 on June 27, 2024. The FT shares issued pursuant to the FT Offering are subject to a four month and one day statutory hold period in Canada, expiring on October 28, 2024. In connection with the Financing, the company paid finder?s fees of CAD 33,060 in cash and 508,140 warrants to arm?s length persons.

Each finder?s warrant is exercisable at a price of CAD 0.06 until June 27, 2026. The Financing is subject to the final acceptance of the TSX Venture Exchange.