By Sheri Kasprzak
New York, July 19 - Terra Nostra Resources Corp. wrapped a $6.6 million private placement.
The company sold 3.3 million units of one share and one warrant to three accredited investors.
Each warrant is exercisable at $3.00 for the first year and at $4.00 for the second year.
The offering was conducted on a non-brokered basis.
Based in Pasadena, Calif., Terra Nostra develops copper and stainless steel products in China.
| Issuer: | Terra Nostra Resources Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | $6.6 million
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| Units: | 3.3 million
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| Price: | $2.00
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $3.00 for the first year; $4.00 for the second year
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| Placement agent: | Non-brokered
|
| Settlement date: | May 31
|
| Stock symbol: | OTCBB: TNRO
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| Stock price: | $2.75 at close May 31
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