Announced that it has increased the size of its previously announced non-brokered private placement of units. 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 13,483,750 Units at a price of $0.08 per Unit for gross proceeds of $1,078,700. Each Unit consists of one common share and one Common Share purchase warrant. Teras Resources Inc.