01:51 PM EDT, 08/13/2025 (MT Newswires) -- Terra Balcanica Resources ( TEBAF ) on Wednesday rose 18% after it closed the second and final tranche of its non-brokered, listed issuer financing exemption (LIFE) private placement for $302,581, issuing three-million units at $0.10 apiece.

Each unit is made up of a share and one-half of a two-year warrant to buy a share for $0.20. The company already closed an initial tranche of the offering on July 11 for $814,914, reaching the total offering amount of $1.1 million.

"We are very pleased to have raised the full allowable LIFE amount as interest for the offering kept growing by the week," said Chief Executive Aleksandar Miskovic. "The Phase III drill campaign at Viogor-Zanik in Bosnia is now fully funded and commences imminently."

Shares of the company were last seen up $0.02 at $0.13 on the Canadian Securities Exchange.

Price: 0.14, Change: +0.03, Percent Change: +22.73