Taranis Resources Inc. Announces additional Private Placement to Finance Further Exploration at the Thor Property in Southeastern British Columbia
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue Lakewood, Colorado 80228-5421 www.taranisresources.com
Taranis Resources Inc. Announces additional Private Placement to Finance Further Exploration at the Thor Property in Southeastern British Columbia
Lakewood, Colorado, September 13, 2016 – Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces a private placement of up to $200,000, to consist of the sale of up to 2,000,000 units at a price of $0.10 per unit, each unit to consist of one flow-through common share and one share purchase warrant, with each warrant to entitle the holder to purchase one additional flow-through common share at a price of $0.10 for a period of two years from closing. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to continue diamond drilling on two newly discovered zones in the footwall of the Great Northern Zone.
John Gardiner, President and CEO of Taranis states “We are aggressively pursuing the delineation of two new zones at Thor that are located below the existing Great Northern Deposit. These zones would appear to have major implications for Resource definition at Thor because they are basically repetitions of the known deposit. Taranis has now surpassed completing over 200 drill holes at Thor, and much of this has defined a deposit that is almost 2 km in strike length. There appears to be several expansion opportunities for the Resource at Thor, and the continued definition drilling of the two newly discovered zones is one of them that we are aggressively pursuing”.
Qualified Person - Exploration activity at Thor is overseen by John Gardiner (P. Geol.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.
Taranis currently has 49,766,116 shares issued and outstanding (56,066,116 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.), President and CEO
For further information contact:
John Gardiner 14247 West Iliff Avenue Lakewood, Colorado Phone: (303) 716-5922 Cell: (720) 209-3049 [email protected]
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\\tjy.local\DomainProfiles\Folders\glenn yeadon\Documents\Doc\COMPANIES\taranis resources inc\News Releases\2016\sept\trosept132016nr_Rev2.doc This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.