Taranis Resources Inc. Closes Private Placement
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Resources Inc. Closes Private Placement
Estes Park, Colorado, November 14 , 202 4 – Taranis Resources Inc. (“Taranis” or the “Company”)
[TSX.V: TRO, OTCQB: TNREF] announces that it has closed the private placement announced on October
29, 2024 which consisted of the sale of 454,546 flow-through units (the “FT Units”) at a price of $0.55 per
FT Unit for gross proceeds of $250,000. Each FT Unit consisted of one flow-through common share and
one share purchase warrant (each a “Warrant”), with each Warrant entitling the holder to purchase one
additional common share at a price of $0.50 until November 13, 2026. All of the securities issued pursuant
to this private placement, including any shares that may be issued pursuant to the exercises of the Warrants,
are subject to a hold period in Canada until March 14, 2025.
Insiders subscribed for all of the FT Units. The participation of insiders in the private placement constituted
a related party transaction within the meaning of TSX -V Policy 5.9 and Multilateral Instrume nt 61-101 –
“Protection of Minority Security Holders in Special Transactions” (“MI 61 -101”). Taranis relied on
exemptions from the formal valuation and minority shareholder approval requirements provided for under
sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-
101) of insider participation in the private placement did not exceed 25% of Taranis’s market capitalization.
About Taranis and Thor
Taranis Resources Inc. is a Canadian mineral exploration company. The Thor Project is in southeast British
Columbia. Taranis has completed upwards of 250 drill holes , linking all previously known mines into a
single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource
Estimate (see Taranis News Release dated April 11, 2024). In the summer of 2024, Taranis initiated deep
drilling aimed at finding the source of the 2km long epithermal deposit. This exploration uses modern
geological models and state-of-the-art exploration tools including airborne magnetotellurics, magnetics and
drill hole alteration geochemistry. The Company’s exploration approach in the Silver Cup Mining District
is that historic mines in the area are potentially underlain by comparatively large mineral deposits that do
not outcrop at surface.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101. John Gardiner is a principal of John J. Gardiner &
Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner
has reviewed and approved the comments contained within this News Release.
For additional information on Taranis or it s 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
2
Taranis currently ha s 100,082,187 shares issued and outstanding ( 113,827,227 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.),
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 ac tual results may differ
materially from expected results.