Terreno Resources Corp V.TNO.H

RE:glta

[goingtoberich9]

yeah they all say that then less than a week later, BAM, huge news.  Feels like there's been a leak

SupermanLantern wrote:

Terreno Resources Corp. (TSXV: TNO.H) ("Terreno" or the "Company") announces that, at the request of IIROC, the Company wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

Terreno has recently received final acceptance from the TSX Venture Exchange for the private placement financing of $350,000 through the issue of 7,000,000 common shares at $0.05 and 7,000,000 warrants exercisable at $0.05 for a period of twelve months from the various conditional closing dates. The financing included proceeds of $30,800 from two directors.

Mr. Brown states that: "The Company continues to evaluate several potential projects to acquire in order to apply to graduate to the TSX Venture Exchange and is pleased that this financing provides us with the graduation requirements of Policy 2.5 for working capital of the greater of $50,000 or the amount required to maintain operations and cover general and administrative expenses for a minimum of six (6) months."

The proceeds will be used for general working capital requirements to maintain a listed public company and to conduct due diligence on any potential property of merit projects with the intention to apply to graduate to the TSX Venture Exchange.