Terreno Resources Corp. closes its Private Placement Financing
29 November 2013 - 8:22AM
Marketwired
Terreno Resources Corp. closes its Private Placement Financing
TORONTO, ONTARIO--(Marketwired - Nov 28, 2013) - Terreno
Resources Corp. (TSX-VENTURE:TNO) ("Terreno" or the "Company")
announces that it has closed its non-brokered private placement
announced on August 27, 2013 and November 1, 2013, raising gross
proceeds of $160,000 through the issuance of 3,200,000 units at a
price of $0.05 per Unit (each a "Unit"). Each Unit is comprised of
one common share and one half share purchase warrant. Each full
purchase warrant (a "Warrant") entitles the holder to acquire one
additional common share for a period of three years at a price of
$0.10. The securities issued under the private placement are
subject to a four month hold period expiring on March 29, 2014.
Proceeds of the placement will be applied to the company's gold,
copper and silver projects in Argentina and the Dominican Republic,
in addition to general working capital.
Subscribers to the placement included insiders and or control
persons of Terreno or their affiliates purchasing 3,200,000
Units.
About Terreno Resources
Terreno, meaning "of the earth" in Spanish, represents the
Company's focus on natural resource opportunity development in
South America. Terreno has option agreements on three exploration
projects in Argentina; La Poposa (formerly referred to as Amarillo)
in San Juan, Socompa and Trigal in Salta. All three projects boast
significant alteration systems and have the potential for copper,
gold and silver mineralization. For more information, please visit
www.terrenoresources.com.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Terreno Resources Corp.Gerry Feldman, CAChief Financial
Officer416-643-3884Terreno Resources Corp.Richard PatricioInterim
President and CEO416-941-1071
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