VANCOUVER, BC, Oct. 2, 2024
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to announce that subject to TSX Venture Exchange approval
it will close the first tranche of the non-brokered private
placement announced September
23rd, 2024.
The first tranche of the offering raised proceeds of
$495,000 and will see the Company
issue 9,900,000 units priced at $0.05
per unit. Each unit consisted of one common share and one common
share purchase warrant with each warrant exercisable at
$0.l0 for 36 months from the closing
date. The warrants are also subject to an acceleration clause
whereby if, following the Closing, the closing price of the
Company's common shares for any ten (10) consecutive trading days
equals or exceeds $0.25, the Issuer
may, upon providing written notice to the holders of Warrants,
accelerate the expiry date of the Warrants to the date that is
thirty (30) days following the date of such notice, which may
provided by way of regular press release.
Proceeds from the placement will be used for exploration and
development of the Company's mineral properties and for general
working capital. Fees were paid on a portion of the offering in the
amount of $32,550 cash and 651,000
Broker Warrants with the same terms as those attached to the units.
All shares issued will be subject to a mandatory four month and a
day hold period.
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 exploration assets located in two of the
worlds least explored and highly prospective greenstone belts of
Burkina Faso, West Africa and Guyana, South
America. Led by a team of industry professionals with a
combined 100 plus years' experience the Company continues to
generate shareholder value through exploration.
www.tajirigold.com
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This news release
may contain forward-looking statements based on assumptions and
judgments of management regarding future events or results. Such
statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially
from those reflected in the forward-looking statements. The Company
disclaims any intention or obligation to revise or update such
statements.
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.
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SOURCE Tajiri Resources Corp.
