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
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Estes Park , Colorado, August 12, 2019 – Taranis Resources Inc. ( “Taranis” or the “Company” )
[TSX.V: TRO] announces a private placement to consist of the sale of the following securities :
(a) up to one 1,000,000 units a price of $.10 each, to raise gross proceeds of up to $100,000, each
unit to consist of one common share and one share purc hase warrant, with each warr ant to entitle the
holder to purchase one additional common share at a price of $0.15 for a period of 24 months from
closing; and
(b) up to 2,500,000 flow-through units at a price of $0.10 each, to raise gross proceeds of up to
$250,000, each flow -through unit to consist 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.
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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 , and for working
capital purposes.
All securities issued pursuant to t he private placement, 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 is an explor ation company focused on the development of its 100% -owned Thor project in
southeast British Columbia. The Company has a clear strategy that involves the ongoing growth of the
mineral Resource at Thor, and commercial mining of the deposit. For additional information on Taranis or
its Thor project, please visit our website at www.taranisresources.com.
Taranis currently has 66,056,042 shares is sued and outstanding (72,289,708 shares on a fully -diluted
basis).
The securities referred to in this news release have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to,
or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the
U.S. registration requirements. This news release does not constitute an offer for sale of securities for
sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United
States must be made by means of a prospectus containing detailed information about the company and
management, as well as financial statements.
TARANIS RESOURCES INC.
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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 R EGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VEN TURE 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.