Taranis Resources Inc. Announces Private Placement
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
TARANIS RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT
Estes Park, Colorado, June 8, 2023 – Taranis Resources Inc. ( “Taranis” or the “Company” ) [TSX.V:
TRO, OTCQB: TNREF] announces a non-brokered private placement offering (the “Offering”), to consist
of the sale of up to 7,600,000 units at a price of $0. 11 per unit, to raise gross proceeds of up to $836,000.
Each unit will consist of one common share and one share purchase warrant, with each warrant to entitle
the holder to purchase one additional common share at a price of $0. 15 for a period of t hree years from
closing. (The participants in the Offering will also be granted the right of refusal to participate in a
subsequent financing on a pro rata basis in the event the exploration permit is issued by the BC Minist ry
of Energy, Mines and Low Carbon Innovation, as applied for in August 2022 – see the Taranis news
release dated May 31, 2023. This subsequent financing, which would be subject to regulatory acceptance,
would be targeted to raise approximately $2,000,000 to fund the expenses and drilling costs associated
with drilling the porphyry target identified at the Thor project, as well as ongoing overhead and
administrative expenses through 2025. It is anticipated that this subsequent financing would be priced at
$0.20 per unit or such greater price as provided for in the Policies of the TSX Venture Exchange, with
each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the
holder to purchase one additional common sha re at a price of $0.27, or such greater price as provided for
in the Policies of the TSX Venture Exchange, for a period of three years from closing. Additional
information regarding the status of Taranis’s application for this exploration permit will be p rovided as it
becomes available.)
The proceeds from the Offering , which is subject to regulatory acceptance, will be used for further
exploration at the Company’ s Thor project in s outheastern British , and for general working capital
purposes.
All securit ies issued pursuant to the Offering, including any shares that may be issued pursuant to the
exercise of the share purchase warrants, will be subject to a hold period in Canada of four months plus
one day from closing.
About Taranis Resources Inc.
Taranis Resources Inc. is a well -positioned exploration company that is exploring and developing its
100%-owned Thor precious -base metal project in British Columbia. Taranis has drilled over 250 drill
holes on the project, defining a near -surface epithermal depos it that is over 2 km long. Taranis refers to
the epithermal trend as the “Trunk”, invoking the anatomy of an elephant to portray the connection of the
epithermal deposit to the underlying Jumbo and Horton intrusive targets.
2
Qualified Person
Exploration activities at the Thor project are overseen by John J. Gardiner (P. Geo.), who is a Qualified
Person under the meaning of Canadian National Instrument 43-101. John J. Gardiner is a principal of
John J. Gardiner & Associates, LLC which operates in British Columbia Firm Permit Number 1002256.
For additional information on Taranis or its 100% -owned Thor project in southeastern British Columbia,
visit www.taranisresources.com
Taranis currently has 85,937,104 shares is sued and outstanding (93,012,104 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado
80517
Phone: (303) 716-5922
Cell: (720) 209-3049
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 NEWS RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of management regarding
future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may di ffer
materially from expected results.