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, July 6, 2020 – Taranis Resources Inc. ( “Taranis” or the “Company” ) [TSX.V:
TRO] announces a private placement to consist of the sale of up to 4,000,000 flow-through units at a price
of $0.10 each, to raise gro ss proceeds of up to $ 400,000, each flow -through unit to con sist of one flow -
through common share and one flow -through share purchase warrant, with each warrant to entitle the
holder to purchase one additional flow -through common share at a price of $0.15 for a period of 24
months from closing.
The proceeds from this private placement, which is subject to regulatory acceptance, will be used for
further exploration at the Company’ s Thor Project in s outheastern British Columbia . This exploration
includes drilling that will be conducted on the Thor’s Ridge area that will seek to expand the deposit north
under Thor’s Ridge, and remaining work related to completion of permitting of a 10,000 tonne bulk
sample.
All securities issued pursuant to the private placement, including any shares that may be iss ued 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.
For additional information on Taranis or its 100% -owned Thor project in Britis h Columbia, visit
www.taranisresources.com
Taranis currently has 71,074,500 shares is sued and outstanding ( 82,733,266 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.
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This News Release may contain forward loo king 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.