Vancouver, British Columbia – March 12, 2025 (GLOBE NEWSWIRE) – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) is pleased to announce the appointment of Mathieu Couillard as its Business Development Officer.
Appointment of Mathieu Couillard
Mr. Couillard brings extensive expertise in capital markets and business strategy. With a distinguished career in investment banking and financial consulting, he has advised corporate management teams and boards on strategic capital market initiatives. Notably, he served as Managing Director of Investment Banking at Haywood Securities in Toronto, where he led the Special Situations team from 2016 to 2022. During his tenure, Mr. Couillard played a key role in securing over C$1 billion in capital for both private and public entities and facilitated multiple mergers and acquisitions.
Prior to his role at Haywood Securities, Mr. Couillard contributed to the Risk Management Solutions group at the National Bank of Canada in Toronto, focusing on the sales and structuring of derivative products. From 2006 to 2014, he was a key member of National Bank’s investment banking division in Montreal. A Fellow of the Society of Actuaries, Mr. Couillard currently serves on the board of directors of a TSX Venture-listed company and has held the position of President and CEO of SPOD Lithium Corp. since April 2024.
In recognition of his contributions to business development, the Company will grant Mr. Couillard options and other compensation at a future date, as deemed appropriate by the Board of Directors.
Stock Option Grant
Terra Balcanica has granted 600,000 incentive stock options (the “Options”) to certain marketing advisors and consultants in accordance with the Company’s stock option plan (the “Option Plan”). The Options are exercisable at C$0.105 per common share for a period of two years from the date of issuance.
Shares for Debt Settlement
The Company has also agreed to settle outstanding debt totaling C$15,000 (the “Debt”) owed to an arm’s-length creditor by issuing 166,666 common shares (the “Common Shares”) at a price of C$0.09 per share (the “Shares for Debt Transaction”). The Board of Directors has determined that settling this outstanding obligation through share issuance is in the best interest of the Company, as it allows for the preservation of cash resources to support ongoing operations.
Completion of the Shares for Debt Transaction is subject to customary closing conditions, and the Company aims to finalize the process promptly. The Common Shares issued in connection with this transaction will be subject to a statutory hold period of four months and one day from the date of issuance, in compliance with applicable securities laws.
About Terra Balcanica Resources Corp.
Terra Balcanica is a polymetallic and energy metals exploration company focused on discovering and developing large-scale mineral systems in the Balkans and northern Saskatchewan, Canada. The Company holds a 90% interest in the Viogor-Zanik Project, a polymetallic (Sb-Ag-Zn-Pb-Au) asset located in eastern Bosnia and Herzegovina. Additionally, its Canadian portfolio consists of a 100% optioned interest in uranium exploration licenses across the Athabasca Basin, including the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton projects.
Terra Balcanica prioritizes responsible engagement with local communities and stakeholders. The Company is committed to adhering to Good International Industry Practice (GIIP) and implementing robust health, safety, and environmental management standards to support sustainable resource development.
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