Terra Clean Energy Announces Closing of Oversubscribed $2.4 Million Financing Led by Centurion One Capital

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Terra Clean Energy Announces Closing of Oversubscribed $2.4 Million Financing Led by Centurion One CapitalAuthor of the article: Not for distribution to U.S. newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, into the United StatesTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountVancouver, BC, Oct. 06, 2026 (GLOBE NEWSWIRE) — Terra Clean Energy Corp. (“Terra Clean Energy” or the “Company“) (CSE: TCEC) (OTCQB: TCEFF) (FSE: C9O0) is pleased to announce the successful closing of its previously announced upsized brokered private placement of units of the Company (the “Units”) for aggregate gross proceeds of approximately $1.97 million (the “Brokered Offering”). A portion of the private placement of Units also closed concurrently on a non-brokered basis for additional gross proceeds of $461,062 (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offerings”).This advertisement has not loaded yet, but your article continues below.The Offerings were led by Centurion One Capital Corp. as lead agent and sole bookrunner (the “Lead Agent”) in respect of the Brokered Offering and fiscal advisor in respect of the Non-Brokered Offering.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againGreg Cameron, Chief Executive Officer of the Company commented: “We are very pleased to have successfully completed this oversubscribed financing. Centurion One Capital led the raise, served as an anchor investor, and brought together a strong group of long-term investors who share our confidence in Terra Clean Energy’s growth strategy. The proceeds will allow us to further advance the Marysvale Uranium Mines Project in Utah, while continuing to position the Company to benefit from the growing demand for secure domestic uranium supply.”A total of 17,342,257 Units were sold under the Offerings at a price of $0.14 per Unit (the “Issue Price”) for aggregate gross proceeds of approximately $2,427,916. Each Unit consists of one common share in the capital of the Company (each, a “Share“) and one Share purchase warrant (each, a “Warrant“). The Shares and Warrants issued in connection with the Offerings are subject to a statutory hold period of four months and one day from the Closing Date in accordance with applicable Canadian securities legislation. Each Warrant shall entitle the holder thereof to purchase one Share at a price of $0.22 for a period of three (3) years from October 6, 2026 (the “Closing Date”).This advertisement has not loaded yet, but your article continues below.The Warrants will be subject to an acceleration right (the “Warrant Acceleration Right“) if, on any fifteen (15) consecutive trading days, beginning on the Closing Date, the daily volume weighted average trading price of the Share is greater than $0.44. If the Company exercises its Warrant Acceleration Right, the new expiry date of the Warrants will be the 30th day following the notice of such exercise.The net proceeds of the Offerings will be used for capital expenditures and general working capital purposes.In connection with the Offerings, the Lead Agent received: (i) a cash commission of $194,233; and (ii) an aggregate of 1,387,380 broker warrants (the “Broker Warrants“), with each such Broker Warrant entitling the holder to acquire one Unit of the Company at any time for a period of three (3) years from the date of issuance of such Broker Warrant at an exercise price equal to the Issue Price. The Warrants underlying each Unit acquired upon exercise of a Broker Warrant shall be exercisable for a period of three (3) years from the date of issuance of the Broker Warrant.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Insiders of the Company (the “Insiders“) acquired an aggregate of 700,000 Units issued under the Offerings. Such Insider’s participation in the Offerings constitutes a “related party transaction”, as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). A formal valuation was not required under MI 61-101 as the Company is not listed on any of the stock exchanges specified in MI 61-101. Minority shareholder approval was also not required as the fair market value of the consideration for the transaction involving the Insiders does not exceed 25% of the Company’s capitalization as of the date hereof.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.This advertisement has not loaded yet, but your article continues below.Greg Cameron, Chief Executive Officer416-277-6174Email: info@tcec.energyABOUT TERRA CLEAN ENERGY CORP.Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah and uranium exploration properties in Wyoming, United States. The Company’s strategy is to find and advance late stage uranium projects to support growing demand for Nuclear Power and secure domestic mineral supply chains.For further information please visit Terra Clean Energy’s website at www.tcec.energy.ABOUTCENTURIONONECAPITAL CORP.Centurion One Capital’s mission is to ignite the world’s most visionary entrepreneurs to conquer the greatest challenges of tomorrow, fueling their ambitions with transformative capital, unparalleled expertise, and a global network of influential connections. Every interaction is guided by our core values of respect, integrity, commitment, excellence in execution, and uncompromising performance. We make principal investments, drawing on the time-honored principles of merchant banking, where aligned incentives forge enduring partnerships. Centurion One Capital: A superior approach to investment banking.The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release.Statements in this release that are not historical facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from these “forward-looking statements”.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.