Magna Terra Minerals Raises CA$3.8 Million Via Non-Brokered Private Placement

09:03 AM EDT, 09/22/2026 (MT Newswires) -- Magna Terra Minerals (MTT.V) completed its non-brokered private placement, raising CA$3.8 million, it said in a statement on Tuesday. The offering consisted of an issuance of 8.4-million premium flow-through common shares at CA$0.2375 apiece and 10-million common shares at CA$0.175 apiece. "The proceeds from the offering will allow us to continue to expedite exploration programs toward first phase drill programs on our key focus projects in Newfoundland and New Brunswick, as well as undertake key initiatives to surface value for our shareholders from the remainder of our deep project pipeline; specifically, our portfolio of precious metals projects in Santa Cruz Province, Argentina," said Magna Terra CEO Lew Lawrick. Shares of the company closed unchanged at CA$0.27 on Monday on the TSX Venture Exchange.