{
  "id": 9040185,
  "title": "Terra Balcanica acquires remaining 10% of Bosnian subsidiary",
  "url": "https://urgent.news/2026/09/22/terra-balcanica-acquires-remaining-10-of-bosnian-subsidiary",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T00:08:29.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/terra-balcanica-acquires-remaining-10-of-bosnian-subsidiary-93CH-4909767"
  },
  "original_language": "en",
  "account": "Terra Balcanica Resources Corp. has reached a deal to acquire the final 10% stake in its Bosnian subsidiary, Drina resources doo Srebrenica, according to a press release. The company will issue 6,331,400 common shares to the subsidiary's minority shareholders in exchange for full ownership of the Viogor polymetallic exploration project. The project, located in Bosnia, holds potential for lead, zinc, copper, and other valuable metals. Terra previously secured a mineral exploration permit for the project in May 2026, valid for three years with options for two extensions. The newly issued shares will be subject to a four-month hold period. Additionally, Terra has extended its non-brokered private placement, which was initially set to close on June 24, 2026. The placement, now extended to October 8, 2026, allows for the sale of up to 15 million units at C$0.05 per unit, potentially raising C$750,000. Proceeds from the private placement will fund a geophysical survey, Phase IV drilling at the Viogor site, and working capital needs. The private placement is also awaiting Canadian Securities Exchange approval.",
  "summary": null,
  "key_points": [
    "Terra Balcanica acquires remaining 10% stake in Bosnian subsidiary Drina resources doo Srebrenica.",
    "Company issues 6,331,400 common shares to minority shareholders for Viogor polymetallic project."
  ],
  "editors_take": "Gaining full control of the Viogor polymetallic exploration project, Terra Balcanica removes minority interests and secures sole ownership to advance exploration and development plans.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}