What were the two share tranches and their issue terms?

The company issued 10,980,000 Critical Minerals flow-through shares at a price of $0.25 per share for gross proceeds of C$2,745,000. It also issued 12,871,137 National flow-through shares at a price of $0.23 per share for gross proceeds of C$2,960,361.51.

How does Canterra intend to use the private placement proceeds?

The gross proceeds are intended for Canadian exploration expenses that qualify as specified flow-through expenditures under the Income Tax Act (Canada). The company intends to use the net proceeds for exploration of its projects in central Newfoundland, including its Wilding Gold and Buchans Projects. The qualifying expenditures are to be incurred on or before December 31, 2026, and renounced to subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issue of the CMFT Shares and the FT Shares.

What obligations apply if the qualifying expenditures are reduced?

If the Qualifying Expenditures are reduced by the Canada Revenue Agency, Canterra said it will indemnify each subscriber of CMFT Shares and FT Shares for any additional taxes payable by that subscriber as a result of the company’s failure to renounce the Qualifying Expenditures as agreed.

Were any finders’ fees or warrants issued?

In connection with the private placement, the company paid finders’ fees of $50,000 cash and issued 135,848 non-transferable finders’ warrants. The 49,000 CMFT Finders’ Warrants are exercisable at $0.25 per warrant and valid for 12 months from issuance. The 86,848 FT Finders’ Warrants are exercisable at $0.23 per warrant and valid for 12 months from issuance.

Are the securities subject to restrictions?

The CMFT Shares, the FT Shares, the CMFT Finders’ Warrants and the FT Finders’ Warrants are subject to a hold period ending April 24, 2026, under applicable Canadian securities laws. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold to, or for the account or benefit of, any person in the United States or any “U.S. person” absent registration or an applicable exemption from registration requirements.

What risks and uncertainties did Canterra identify?

The company said forward-looking statements may not prove accurate and that actual results and future events could differ materially from those anticipated. Identified risks include possible accidents and other risks associated with mineral exploration operations, unanticipated geological factors, an inability to secure permitting and other governmental clearances, insufficient funds to carry out business plans, and political uncertainties or regulatory or legal changes that might interfere with the company’s business and prospects. The company also stated that readers should not place undue reliance on its forward-looking statements and information.

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Canterra Minerals Closes $5.7M Flow-Through Private Placement for Newfoundland Exploration

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Canterra Minerals Corporation

FSE:DXZB
OTCQB:CTMCF
TSXV:CTM

Canterra Minerals Closes $5.7M Flow-Through Private Placement for Newfoundland Exploration

Published Wednesday, 24 December 2025, 12:30 AM

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Company: Canterra Minerals Corporation
Listings: FSE:DXZB, OTCQB:CTMCF, TSXV:CTM
Published: Wednesday, 24 December 2025, 12:30 AM
Source announcement: globenewswire.com

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Canterra Minerals Corporation (TSXV:CTM) (OTCQB:CTMCF) (FSE:DXZB) announced the closing of its private placement.

Critical Minerals flow-through shares totaled 10,980,000 at $0.25 per share, for gross proceeds of C$2,745,000.
National flow-through shares totaled 12,871,137 at $0.23 per share, for gross proceeds of C$2,960,361.51.
Total gross proceeds were C$5,705,361.51; the company intends to use net proceeds for central Newfoundland exploration, including Wilding Gold and Buchans Projects.
Qualifying Expenditures must total at least gross proceeds, be incurred by December 31, 2026, and be renounced effective by December 31, 2025.
Issued securities have a hold period ending April 24, 2026; US offers or sales to US persons require registration or an applicable exemption.

If the Canada Revenue Agency reduces Qualifying Expenditures, the company will indemnify subscribers for additional taxes caused by failure to renounce as agreed. The securities are unregistered under the Securities Act and state laws.

Investor FAQs

Canterra Minerals Corporation (TSXV:CTM) (OTCQB:CTMCF) (FSE:DXZB) announced the closing of its previously announced private placement, consisting of Critical Minerals flow-through shares and National flow-through shares, for total gross proceeds of $5,705,361.51. All figures are in Canadian dollars.

Source announcement

Company: Canterra Minerals Corporation
Title: Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Published: Wednesday, 24 December 2025, 12:30 AM
Source site: globenewswire.com

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