Teras Resources Inc. and Mr. Joe Carrabba President / CEO, is pleased to announce that it has completed a six-month effort to audit and update its Cahuilla drill hole data base and completed detailed logging of 34 core drill holes. This focused update is intended to support a new resource model. The previous NI 43-101 Technical Report completed in 2012 and filed on SEDAR, identified 70,148,000 tons grading 0.015 opt at a [...]
Teras Resources Inc. : announces that it has increased the size of its previously announced non-brokered private placement of units . In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 21,248,700 units at a price of $0.05 per Unit for gross proceeds of $1,062,435. Each Unit consists of one common share and [...]
Teras Resources Inc. and Mr. Joe Carrabba President / CEO, is pleased to announce that it intends to complete a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000, subject to approval of the TSX Venture Exchange. Each Unit will consist of one common share and one Common Share purchase warrant . Each Warrant is exercisable into one Common Share at a [...]
Mr. Carrabba, President and CEO of Teras Resources Inc. : is pleased to provide its shareholders with the following update: Over the past several months, Teras has engaged several consultants to examine the database of our Company's flagship "Cahuilla Project" for advice and guidance regarding future drill programs to increase the current grade and global resource of the project. The study was comprehensive and led to [...]
Teras Resources Inc. announces that it has increased the size of its previously announced non-brokered private placement of units . In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 10,232,380 Units at a price of $0.05 per Unit for gross proceeds of $511,619. Each Unit consists of one common share and one [...]
Teras Resources Inc. Peter Leger, former President / CEO, is pleased to announce the appointment of Mr. Joseph "Joe" Carrabba as Director, President and CEO of Teras and announces that it intends to complete a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000, subject to approval of the TSX Venture Exchange. Each Unit will consist of one common share [...]
Teras Resources Inc. announces that it has entered into a Loan agreement for $500,000. The Loan is secured against the assets of the company and will be repaid on or before January 31, 2020. Teras will provide a 4% interest in its Cahuilla project in return for the Loan. The 4% interest in Cahuilla can be purchased back by Teras at a later date on terms agreeable to both parties. The majority of the proceeds will be used [...]
Teras Resources Inc. : announces that it has recently assigned the rights to its Clipper project situated in Lander Nevada. The terms of the assignment are such that Teras will receive cash payments of $60,000 USD over 5 months starting on August 15th, 2019. Teras will also receive half percent NSR which is purchasable for $250,000 USD. Teras is in discussions on other assets of the company and will update its [...]
Teras Resources Inc. announces that it has increased the size of its previously announced non-brokered private placement of units. In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 5,800,000 Units at a price of $0.05 per Unit for gross proceeds of $290,000 Each Unit consists of one common share and one [...]
Teras Resources Inc. announces that it intends to complete a non-brokered private placement of up to 5,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $250,000, subject to approval of the TSX Venture Exchange. Each Unit will consist of one common share and one Common Share purchase warrant . Each Warrant is exercisable into one Common Share at a price of $0.05 per share for a period of one year from [...]
Teras Resources Inc. : announces that it has increased the size of its previously announced non-brokered private placement of units . In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 12,357,725 Units at a price of $0.055 per Unit for gross proceeds of $679,674.00. Each Unit consists of one common share and [...]
Teras Resources Inc. announces that it intends to complete a non-brokered private placement of up to 10,909,090 units at a price of $0.055 per Unit for gross proceeds of up to $600,000, subject to approval of the TSX Venture Exchange. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant is exercisable into one Common Share at a price of $0.075 per share for a period of one year [...]
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