Tajiri Resources To Close Non-Brokered Private Placement
Tajiri Resources To Close Non-Brokered
Private Placement
VANCOUVER, BC
,
Nov. 16, 2023
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to report that subject to approval of the TSX Venture Exchange it will close a non-brokered
private placement originally announced
October 4
th
, 2023.
Proceeds from the placement totaled
CDN$90,000
through the issuance of 4,500,000 shares at a
price of
$0.02
per common share. A director of the Company subscribed for 1,000,000 shares
which constitutes a related party transaction however the Company is protected from certain
obligations under the rules of Multilateral Instrument 106 due to the purchase not exceeding 25 per
cent of the market valuation of the Company and therefore shareholder approval was not required in
this case.
As the financing is below
$0.05
the Company is relying on the minimum pricing exemption provided
by the TSX Venture Exchange and as such is providing a brief on the use of proceeds raised. The
funds will be used for corporate purposes more specifically for ongoing working capital and
expenses associated with the continued listing requirements of the Company; this includes
maintaining of the Company's transfer agent, ongoing listing fee's, newswire service provider,
SEDAR+ filing services and other corporate requirements as they become due. None of the funds
raised will be used to pay any debt outstanding to placee's participating in the offering or for
payment to those engaged in Investor Relations activities. Nonparticipating Non-Arm's Length parties
may receive payments based on consulting work provided in the form of management services
relating to the administration of Company affairs. All shares issued will be subject to the Exchanges
mandatory 4 month and 1 day hold period, and the Company paid finders fees of
CDN$2,100
on a
portion of the offering.
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 19:09e 16-NOV-23