Talisker Announces Closing of Final Tranche of Private Placement
Talisker Announces Closing of Final Tranche
of Private Placement
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
TORONTO
,
Sept. 6, 2019
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company")
(CSE:TSK | OTCQB:TSKFF) is pleased to announce that further to its press releases of
August 29,
2019
, the Company has closed the final tranche of its previously announced private placement
financing of
$4,159,098
. Pursuant to the final tranche closing, the Company issued an aggregate of
1,214,286 common shares (the "Common Shares") at an issue price of
C$0.14
per Common Share
and 1,718,750 flow-through shares (the "FT Shares") at an issue price of
C$0.16
per FT Share
(which FT Shares qualify as "flow-through shares" within the meaning of subsection 66(15) of the
Income Tax Act (
Canada
), for aggregate gross proceeds to the Company of
C$445,000
(the "Non-
Brokered Offering"). The Company previously closed a brokered portion and a non-brokered
second tranche of the private placement to raise aggregate gross proceeds of
$3,714,098
.
The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible
"Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such
terms are defined in the Income Tax Act (
Canada
) (the "Qualifying Expenditures") related to the
Company's projects in
Canada
. All Qualifying Expenditures will be renounced in favour of the
subscribers of the FT Shares effective
December 31, 2019
. The net proceeds from the sale of
Common Shares will be used by the Company for working capital and general corporate purposes.
The securities issued under the Non-Brokered Offering are subject to a four month hold period from
the date of issue in accordance with applicable securities laws, expiring on
January 6
, 2020. A
finder's fee of
$8,250
, equal to 3.0%, was paid in relation to a portion of the Non-Brokered Offering.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in
the United States
absent registration or an applicable exemption
from the registration requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such
offer, solicitation or sale would be unlawful.
About Talisker Resources Ltd.
Talisker Resources Ltd. is a junior resource company involved in the exploration and development of
projects in
British Columbia, Canada
. Talisker's projects consist of several early to advanced stage
projects encompassing 263,770 hectares over 253 claims and three leases. In south central BC,
the Spences Bridge Regional Program, a 230,221 hectare land package comprises the Company's
Spences Bridge
, Blustry Mountain, Lola and Remington properties, that together cover ~85% of the
emerging Spences Bridge Gold Belt as well as the Tulox Property and the WCGC Properties. The
Toodoggone projects located in the prolific Golden Triangle include the past producing Baker
Gold/Silver Project, the Shasta Mine and Baker mill infrastructure and equipment, the Chappelle
(Baker and Multinational Mines) Property, the Mets Lease and the Bot Property.
Related Links
https://taliskerresources.com/
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. Actual future results may differ materially. In particular, this release contains forward-
looking information relating to, among other things, the use of proceeds from the Offering, the listing
of the common shares of Talisker on the CSE. 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
such 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 contained in this news release is based on certain factors and
assumptions regarding, among other things, potential mineralization on the B.C. Properties, and
other similar matters. While Talisker considers these assumptions to be reasonable based on
information currently available to them, they may prove to be incorrect. 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 implied 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, operational 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 shareholder 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 required 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.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.
SOURCE
Talisker Resources Ltd
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For further information:
Terry Harbort, Chief Executive Officer of Talisker at
[email protected] or 416 361 2808 ext 9266
CO: Talisker Resources Ltd
CNW 11:49e 06-SEP-19