12:26 PM EDT, 03/23/2026 (MT Newswires) -- Terra Balcanica Resources ( TEBAF ) on Monday said it will look to raise $0.3 million in a non-brokered private placement of share units.

The company will place up to six-million units in the financing, with each priced at $0.05 and made up of a share and a two-year warrant to buy a share for $0.10.

The company said it plans to use the proceeds for land holding costs and to renew the mineral exploration properties in Bosnia and Herzegovina.

Shares of the company were last seen down $0.005 to $0.06 on the Canadian Securities Exchange.

Price: 0.06, Change: -0.01, Percent Change: -7.69