GlobeNewswire·Sep 21, 2026, 8:05 PM ET

Terra Balcanica Acquires 100% of Viogor Project in Bosnia and Announces Extension to Private Placement Financing

Terra Balcanica Resources Corp. acquired the remaining 10% equity interest in its Bosnian subsidiary, Drina resources doo Srebrenica, to secure 100% ownership of the Viogor polymetallic exploration project.
The acquisition consideration consists of 6,331,400 common shares issued to two arm's length minority shareholders, subject to a four-month-and-one-day hold period.
The Viogor project operates under a new mineral exploration permit issued on May 20, 2026, valid for 3 years with extensions allowing up to 7 years of tenure for Pb-Zn-Cu & associated metals.
The company extended the closing date for its non-brokered private placement to on or before October 8, 2026, targeting gross proceeds of up to C$750,000.
Units in the private placement are priced at C$0.05 each, comprising one common share & one warrant to purchase an additional share at C$0.10 for 24 months.
Proceeds from the private placement will fund a ground geophysical survey at the Cumavici target, Phase IV drilling at Cumavici, & working capital.
The acquisition & private placement remain subject to Canadian Securities Exchange approval & other customary conditions.
Terra Balcanica is a silver & antimony-focused exploration company with 100% interest in the Viogor Project & a 39.5% stake in Terra North Resources Corp.