Newterra Resources Inc., a mineral exploration company focused on precious metals, announced the closing of its non-brokered private placement, issuing 2,000,000 units at $0.05 each for gross proceeds of $100,000. A director of the company participated by purchasing 100,000 units, a related party transaction exempt from certain regulatory requirements. All securities issued are subject to a hold period until June 7, 2026.

The company’s primary asset is the Iron Horse Project in British Columbia, covering 2,439.5 hectares near Kelowna. The press release includes standard forward-looking statements cautioning investors about risks and uncertainties and clarifies that the securities are not registered for sale in the United States.