Terra Clean Energy Upsizes Private Placement to Raise Up to $2.5 Million
Terra Clean Energy (OTCMKTS: TCEFF) announced on Friday that it has increased the size of its previously disclosed private placement offering, aiming to raise up to $2.5 million in capital. The company plans to issue 17.86 million units at a price of $0.14 per unit through a brokered offering led by Centurion One Capital as lead agent and sole bookrunner. The upsizing reflects the company's need for additional funding, likely tied to its operations or growth initiatives in clean energy. The move could signal increased investor interest or strategic adjustments within Terra Clean Energy’s capital-raising efforts.
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