Taranis Resources Inc. applies to extend the expiry date and to re-price certain share purchase warrants
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane Estes Park, Colorado 80517 www.taranisresources.com
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Taranis Resources Inc. applies to extend the expiry date and to re-price certain share purchase warrants
Estes Park, Colorado, January 18, 2019 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] announces that it intends to make application to the TSX Venture Exchange (the “Exchange”) to extend the expiry date and to reduce the exercise price of certain share purchase warrants issued on March 7, 2017 pursuant to a private placement. The proposed extension and re-pricing are disclosed in the following table:
| Warrant Description | Number of Warrants | Current Exercise Price | Proposed Exercise price | Current Expiry Date | Proposed Expiry Date |
| warrants entitling the holders to purchase common shares | 1,000,000(1) | Cdn. $0.15 | Cdn $0.10 | March 7, 2019 | September 7, 2019 |
Note (1): All 1,000,000 warrants are proposed to be extended as indicated above, but only 920,000 of these warrants are proposed to be re-priced pursuant to applicable Exchange Policy.
The proposed extension and re-pricing disclosed in the table above are subject to Taranis receiving acceptance from the Exchange therefor.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project in southeast British Columbia. Its mandate is to recognize mineral deposits early in the exploration cycle that can be developed through intelligent exploration and business alliances. For additional information on Taranis or its Thor project, please visit our website at www.taranisresources.com.
Taranis currently has 64,843,067 shares issued and outstanding (77,376,733 shares on a fullydiluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.), President and CEO
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.
For further information contact:
John J. Gardiner 681 Conifer Lane Estes Park, Colorado 80517 Phone: (303) 716-5922 Cell: (720) 209-3049 [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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.
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