Tajiri Closes $310,000 Non-Brokered Private Placement VANCOUVER
Tajiri Closes $310,000 Non-Brokered Private
Placement
VANCOUVER
, July 26, 2019 /CNW/ -
Tajiri Resources Corp.
(the "Company")
(TSX VENTURE:
TAJ)
is pleased to report that subject to final TSX Venture Exchange approval it will close on its
previously announced private placement. The offering results in proceeds of
CDN$310,000
through
the issuance of 9,300,000 units priced at
$0.05
per unit. Each unit consisted of one common share
and one half of a common share purchase warrant, with each whole warrant allowing for the
purchase of an additional common share at
$0.17
for 24 months from the closing date. The warrants
also carry an acceleration clause whereby if the shares of the Company trade at or over
$0.30
for
10 consecutive trading days they must be exercised or will expire within one week.
Funds raised will be used for new acquisitions, ongoing project expenses, and general working
capital. Fee's were paid on a portion of the offering in the amount of
$9,600
and a Director of the
Company subscribed for 2,000,000 units. All shares issued are subject to the exchanges mandatory
four month and one day hold policy.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil
,
President, CEO
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 release.
This news release may contain forward-looking statements based on assumptions and judgments
of management regarding future events or results. Such statements are subject to a variety of risks
and uncertainties which could cause actual events or results to differ materially from those
reflected in the forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.
SOURCE
Tajiri Resources Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/July2019/26/c1326.html
%SEDAR: 00027091E
For further information:
Contact Information: Tajiri Resources Corp., Graham Keevil, President,
CEO, 604-642-0115 or Toll Free 866-345-0115, 604-642-0116 (FAX), [email protected]
CO: Tajiri Resources Corp.
CNW 15:03e 26-JUL-19