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

Tajiri to Close Second Tranche of Previously

Announced Non-Brokered Private Placement

VANCOUVER

,

Dec. 23, 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 second tranche of a non-brokered private placement originally announced

December

05

th

, 2019.

The second tranche of the placement will result of the Company issuing 3,640,000 units for

proceeds of

CDN$182,000

. 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 a total 6 subscribers in this tranche. 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$9,360

and will issue 187,000 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 third

and final 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.

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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 14:36e 23-DEC-19