Tajiri Resources Announces Financing & Update
Tajiri Resources Announces Financing &
Update
VANCOUVER, BC
,
Oct. 20, 2021
/CNW/ -- Tajiri Resources Corp. (the "Company") (TSXV: TAJ)
is
conducting a non-brokered private placement of units for proceeds of up to
CDN$500,000
. Each unit
will be priced at
$0.06
per unit and consist of one common share and one common share purchase
warrant, which will be exercisable into an additional common share of the Company at a price of
$0.10
for a period of 36 months from the closing date. The offering will be open to all existing
shareholders and qualified investors with proceeds used for ongoing project work and general
working capital purposes. Fee's may be paid on a portion of the offering.
Material Change
Between
December 2020
and
April 2021
the Company completed
18,650m
of auger drilling in 1,530
holes at the K4-K5 prospect, a potentially significant prospect within the Reo Project which is
located on the Dassa Sud Permit. Though preliminary results of the program have been received,
results of the program are yet to be compiled or reported as the Company awaits renewal of the
Dassa Sud Permit.
On
May 5
2021 a renewal application for the Dass Sud Permit was lodged and at the present time
the Company believes that its application for new tenure at Dassa Sud will be successful.
Pending formal confirmation of renewal of the Dassa Sud Permit the company has paused further
substantive exploration activities.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil
,
President & CEO
About Tajiri
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
. Lead 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 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.
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:
Tajiri Resources Corp., Graham Keevil, President, CEO, 778-229-9602,
[email protected], www.tajirigold.com
CO: Tajiri Resources Corp.
CNW 13:15e 20-OCT-21