Tajiri to Close First Tranche of Previously Announced Non-Brokered Private Placement VANCOUVER

Tajiri to Close First Tranche of Previously

Announced Non-Brokered Private Placement

VANCOUVER

, Dec. 17, 2019 /CNW/ -

Tajiri Resources Corp.

(the "Company")

(TSX VENTURE:

TAJ)

is pleased to report that subject to final TSX Venture Exchange (the "Exchange") approval it

will close the first tranche of a non-brokered private placement originally announced

December 05

th

,

2019.

The first tranche of the placement will result of the Company issuing 2,950,000 units for net

proceeds of

CDN$147,500

. Each unit was priced at

$0.05

per, and consisted of one common share,

and one half of one common share purchase warrant. Each whole warrant entitles the purchaser to

acquire an additional common share in the capital of the Company at a price of

$0.20

for a period of

24 months from the closing date. There were 11 subscribers in this tranche, and Pro Group

participation in the offering was for 885,000 units. All securities issued will be subject to the

Exchanges mandatory four month and one day hold period. The Company paid fee's in the amount

of

CDN$11,800

and will issue 118,000 broker warrants governed by the same terms as mentioned

above.

Funds will be used to finance on-going project maintenance costs, evaluation of potential

acquisitions, and general working capital. The Company will provide an update on closing of the

second tranche of the placement as details become available.

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/December2019/17/c6371.html

%SEDAR: 00027091E

For further 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 17:39e 17-DEC-19