Tajiri Closes Second Tranche of Non-Brokered Private Placement
Tajiri Closes Second Tranche of Non-Brokered
Private Placement
VANCOUVER, BC
,
Nov. 6, 2024
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to announce that it has received conditional acceptance from the TSX Venture Exchange
("TSXV") and has closed the second tranche of its non-brokered private placement offering of units
(the "Offering") previously announced
September 23, 2024
.
The second tranche of the Offering consisted of 9,994,000 Units priced at
$0.05
per Unit for
aggregate gross proceeds of
$499,700
. Each Unit consisted of one common share (each, a
"Common Share") and one common share purchase warrant (each, a "Warrant"). Each warrant is
exercisable by the holder to acquire one Common Share at a price of
$0.10
until
November 06
th
,
2027, subject to the Acceleration Right (as defined herein). If, following the date hereof, the closing
price of the Company's common shares on the TSXV for any ten (10) consecutive trading days
equals or exceeds
$0.25
, the Company has the right, upon providing written notice to the holders of
Warrants, to accelerate the expiry date of the Warrants to the date that is thirty (30) days following
the date of such notice, which may provided by way of a news release (the "Acceleration Right"). In
connection with the Offering, the Company paid a total of
$17,129
cash and issued 341,580
Warrants, bearing the same terms as those attached to the units, to certain finders in consideration
for introducing certain purchasers to the Company. Pursuant to applicable Canadian securities laws,
all securities issued and issuable in connection with the first tranche of the Offering will be subject to
a four (4) month hold period. In conjunction with closing of this second tranche the Company applied
for and received a thirty (30) day extension from the TSXV with respect to the offering in order to
finalize a third tranche of the placement. Updates will be provided as necessary on its closing.
The Company intends to utilize the net proceeds from the Offering for the exploration and
development of the Company's mineral properties and for general working capital purposes. None of
the proceeds from the second tranche of the Offering will be used for the Yono Project acquisition,
and the Offering remains subject to final TSXV and regulatory approvals.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil
,
President & CEO
About Tajiri Resources Corp.
Tajiri Resources Corp. is a junior gold exploration and development company with exploration
assets located in two of the worlds least explored and highly prospective greenstone belts of
Burkina Faso
,
West Africa
and
Guyana
,
South America
. Led by a team of industry professionals
with a combined 100 plus years' experience the Company continues to generate shareholder value
through exploration.
This news release contains "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of the applicable Canadian
securities legislation, including but not limited to expected size of the second tranche, the proposed
use of proceeds of the Offering, the anticipated closing date of the second tranche of the Offering,
the closing Project acquisition and receipt of the approvals required and related thereto. All
statements, other than statements of historical fact, are forward-looking statements and are based
on expectations, estimates and projections as at the date of this news release. Any statement that
involves discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of historical fact and may be forward-
looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements contained herein are made as of the date
of this news release and the Company disclaims, other than as required by law, any obligation to
update any forward-looking statements whether as a result of new information, results, future
events, circumstances, or if management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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.
SOURCE
Tajiri Resources Corp.
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For further information:
Contact Information: Tajiri Resources Corp., Graham Keevil, President,
CEO, 778.229.9602, [email protected], www.tajirigold.com
CO: Tajiri Resources Corp.
CNW 17:19e 06-NOV-24