Tajiri Resources Corp. Closes $869,999 Non- Brokered Private Placement
Tajiri Resources Corp. Closes $869,999 Non-
Brokered Private Placement
VANCOUVER, BC
,
Nov. 29, 2021
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to announce that it has received acceptance from the TSX Venture Exchange (the
'Exchange') and will close its previously announced non-brokered private placement for proceeds of
$869,999.94
through the issuance of 14,499,999 units. This will be the only and final tranche of this
placement.
The oversubscribed offering will see the Company issue the units at
$0.06
per, with each unit
consisting of one common share and one common share purchase warrant. Each warrant is
exercisable into an additional common share at a price of
$0.10
for 36 months from closing. Insiders
subscribed for 3,134,999 units in the offering and the Company will pay fees of
$10,836
and issue
180,600 Broker Warrants to Fidelity Clearing Canada, 483 Bay Street, Suite 200,
Toronto, ON
M5G
2N7 on a portion of the offering. The broker warrants are non-transferable, otherwise bear the same
terms as those attached to the units and all securities will be subject to a mandatory four month and
one day hold period from the date of issuance as required by Exchange Policy. Proceeds will be
used for ongoing exploration and development work at the 100% owned Reo Gold Project,
Burkina
Faso
,
West Africa
and general corporate purposes.
Participation by insiders of the company in the offering will be considered a related party transaction
pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special
Transactions. The company will be exempt from the requirements to obtain a formal valuation or
minority shareholder approval in connection with the insiders' participation in the offering in reliance
of sections 5.5(a) and 5.7(1)(a) of MI 61-101.
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
. 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 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,
[email protected], www.tajirigold.com
CO: Tajiri Resources Corp.
CNW 21:44e 29-NOV-21