Calgary, Alberta--(Newsfile Corp. - August 1, 2018) - Teras Resources Inc. (TSXV: TRA) ("Teras" or the "Company"): announces that it has increased the size of its previously announced non-brokered private placement of units (each a "Unit"). In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 12,357,725 Units at a price of $0.055 per Unit for gross proceeds of $679,674.00. Each Unit consists of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant").
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