Terra Clean Energy Announces Closing of Oversubscribed $2.4 Million Financing Led by Centurion One Capital
Terra Clean Energy closed an oversubscribed $2.43 million brokered and non-brokered private placement, selling 17,342,257 units at $0.14 each. Centurion One Capital led the raise, acted as anchor investor, and received a $194,233 commission plus 1,387,380 broker warrants; insiders bought 700,000 units as a MI 61-101 related party transaction.
Key figures
- Deal Value Usd
- 2427916
- Offering Price
- 0.14
- Shares Offered
- 17342257
- Broker warrants
- 1387380
- Broker commission
- 194233
- Brokered proceeds
- $1.97 million
- Warrant term years
- 3
- Non brokered proceeds
- 461062
- Warrant exercise price
- 0.22
- Insider participation units
- 700000
- Warrant acceleration trigger
- $0.44
AI analysis
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