Talisker Announces Closing of Final Tranche of Bought Deal Private Placement for Aggregate Gross Proceeds of C$23.0 Million
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQB
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Talisker Announces Closing of Final Tranche of Bought Deal Private
Placement for Aggregate Gross Proceeds of C$23.0 Million
Toronto, Ontario, November 6, 2025 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK) is
pleased to announce that it has closed the final tranche (the “Final Tranche”) of its previously announced
“bought deal” private placement (the “ Offering”). Pursuant to the Final Tranche, the Company sold
3,150,000 common shares of the Company (the “Offered Shares”) at a price of C$1.50 per Offered Share
(the “Offering Price”) for gross proceeds of C$4,725,000. In aggregate under the Offering, the Company
sold 15,333,334 Offered Shares at the Offering Price for gross proceeds of C$23,000,001 , which includes
the full exercise of the over -allotment option. Red Cloud Securities Inc. (“Red Cloud ”) acted as lead
underwriter and sole bookrunner on behalf of a syndicate of underwriters that included C anaccord
Genuity Corp. and FMI Securities Inc. (collectively, the “Underwriters”) in connection with the Offering.
The Company intends to use the net proceeds from the Offering for the continued advancement of the
Company’s flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes
and working capital.
The Offered Shares were offered: (a) by way of private placement in all of the provinces of Canada (except
Québec) pursuant to applicable exemptions from the prospectus requirements under applicable Canadian
securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of
private placement pursuant to the exemptions from the registration requirements provided for under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”); and (c) in jurisdictions outside
of Canada and the United States on a private placement or equivalent basis, in each case in accordance
with all applicable laws, provided that no prospectus, registration statement or other similar document is
required to be filed in such jurisdiction. The Offered Shares issued to purchasers in Canada in connection
with the first tranche of the Offering are subject to a four-month hold period ending on February 25, 2026
pursuant to applicable Canadian securities laws. The Offered Shares iss ued to purchasers outside of
Canada, including the Offered Shares issued in connection with the Final Tranche, were issued pursuant
to an exemption from the prospectus requirement available under section 2.3 of OSC Rule 72 -503 and,
accordingly, such Offered Shares are not subject to a four -month hold period under applicable Canadian
securities laws.
As consideration for their services in the Final Tranche, the Underwriters received aggregate cash fees of
C$283,500 and 189,000 non-transferable common share purchase warrants (the “ Broker Warrants ”).
Each Broker Warrant entitles the holder thereof to purchase one common share of the Company at a price
of C$1.68 at any time on or before November 6, 2027.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities have not been and will not be registered under the U.S. Securities Act
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
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For further information, please contact:
Lindsay Dunlop
Vice President, Investor Relations
📞📞 +1 647 274 8975
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and
development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully
permitted Bralorne Gold Project where the Company is producing at the Mustang Mine. Talisker projects
also include the Ladner Gold Project, an advanced stage project with significant exploration potential from
an historical high -grade producing gold mine and the Spences Bridge Project where the Company has a
significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage
Greenfields projects.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on Talisker’s current belief or assumptions as to the outcome and timing of such future events. In
particular, this press release contains forward -looking information relating to, among other things, the
intended use of proceeds of the Offering. Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward -looking information. Those
assumptions and factors are based on information currently available to Talisker. Although suc h
statements are based on reasonable assumptions of Talisker’s management, there can be no assurance
that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements to be materially different from any future
results, performance or achievements expressed or impl ied by the forward -looking information. Such
factors include risks inherent in the exploration and development of mineral deposits, including risks
relating to changes in project parameters as plans continue to be redefined, risks relating to variations in
grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and
supply of minerals, risks related to increased competition and current global financial conditions, access
and supply risks, reliance on key personnel, o perational risks regulatory risks, including risks relating to
the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and
environmental risks and risks relating to the failure to receive all requisite sh areholder and regulatory
approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is
not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as requir ed by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.