Talisker Announces Private Placement of up to C$3.5 Million
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Talisker Announces Private Placement of up to C$3.5 Million
Toronto, Ontario, October 1 8, 2023 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX: TSK,
OTCQX: TSKFF) is pleased to announce a non -brokered private placement (the “Offering”) for aggregate
gross proceeds of up to C$3,500,000 from the sale of common share units of the Company (each, a “Unit”)
at a price of C$0.30 per Unit and flow-through units of the Company (each, a “FT Unit”, and together with
the Units, the “Offered Securities”) at a price of C$0.35 per FT Unit.
Each Unit will consist of one common share of the Company (each, a “ Common Share”) and one half of
one common share purchase warrant (each whole warrant, a “Warrant”). Each FT Unit will consist of one
Common Share to be issued as a “flow -through share” (each, a “ FT Share”) within the meaning of the
Income Tax Act (Canada) (the “Tax Act”) and one half of one Warrant. Each whole Warrant will entitle the
holder thereof to purchase one Common Share at a price of C$0.50 for a period of 24 months following
the issue date.
The Company intends to use the proceeds of the Offering for the exploration on the Company’s projects
in British Colombia as well as for general working capital purposes. The gross proceeds from the issuance
of the FT Shares will be used to incur resource exploration expenses which will constitute “Canadian
exploration expenses” as defined in subsection 66.1(6) of the Tax Act and "flow -through mining
expenditures" as defined in subsection 127(9) of the Tax Act (the “Qualifying Expenditures”), which will
be renounced with an effective date no later than December 31, 2023 to the purchasers of the FT Units
in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.
In connection with the Offering, the Company anticipates paying finder’s fees of 6% cash and 6% finder’s
warrants in accordance with the policies of the TSX. The securities issued under the Offering will be subject
to a hold period ending on the date that is four months plus one day following the date of issue in
accordance with applicable securities laws. The closing of the Offering is subject to receipt of all necessary
regulatory approvals including the Toronto Stock Exchange (the “TSX”).
This news 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 United States
Securities Act of 1933, as amended (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.
For further information, please contact:
Terry Harbort
President and CEO
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
+1 778 679 3579
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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 currently transitioning into underground
production 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 holds ~85% of the emerging Spences Bridge Gold Belt,
and several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
Certain statements con tained 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 expression s 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
Offering, including the Offered Securities, total proceeds, use of proceeds, TSX approval and closing 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 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 involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or ach ievements 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 obl igated 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.