VANCOUVER, BC, Dec. 4, 2024 – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) announces the TSX Venture Exchange (“TSXV”) has granted final acceptance for the closing of its non-brokered private placement of units (the “Offering”), as previously announced on September 23, 2024.
The Offering, detailed in news releases dated October 09th and November 06th, 2024, comprised 19,894,000 Units at $0.05 per Unit, generating gross proceeds of $994,700. Each Unit included one common share (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant allows the holder to purchase one Common Share at $0.10 within three years, subject to an Acceleration Right. This right allows the Company, after notifying Warrant holders, to shorten the Warrant expiry to thirty days from the notification date if the Company’s common share closing price on the TSXV reaches or surpasses $0.25 for ten consecutive trading days. The notification may be via news release. The Company paid $49,679 in cash and issued 992,580 non-transferable Broker Warrants (with terms mirroring the Units, including the acceleration right) to certain finders for introducing purchasers. Canadian securities laws mandate a four-month hold period on all securities issued in the Offering.
Offering proceeds will fund exploration and development of the Company’s mineral properties and working capital, with approximately $30,000 from the first tranche allocated to acquiring the Yono Gold Property in Guyana. The planned third tranche is cancelled, and the placement is officially concluded.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil,
President & CEO
About Tajiri Resources Corp.
Tajiri Resources Corp. is a junior gold exploration and development company with assets in the under-explored, high-potential greenstone belts of Burkina Faso, West Africa and Guyana, South America. Our team of industry experts brings over 100 years of experience, and we are committed to enhancing shareholder value through exploration.
This news release includes “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) as defined by applicable Canadian securities legislation. This includes, but is not limited to, the expected size of the second tranche, the intended use of Offering proceeds, the anticipated closing date of the second tranche, the Project acquisition closing, and the receipt of necessary approvals. All statements, except historical facts, are forward-looking statements and are based on current expectations, estimates, and projections. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often, but not always, using terms like “expects,” “anticipates,” “plans,” “budget,” “scheduled,” “forecasts,” “estimates,” “believes,” or “intends,” or variations thereof, or stating that certain actions, events, or results “may,” “could,” “would,” “might,” or “will” occur) is not a statement of historical fact and may be a forward-looking statement.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could significantly alter the Company’s actual results, performance, or achievements from those expressed or implied in the forward-looking statements. Forward-looking statements are current as of this news release, and the Company has no obligation to update them unless required by law.
Forward-looking statements may not prove accurate, as actual results and future events could differ significantly. Readers should not over-rely on forward-looking statements.
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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 release. |
SOURCE Tajiri Resources Corp.