VANCOUVER, BC, Nov. 6, 2024
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to announce that it has received conditional acceptance
from the TSX Venture Exchange ("TSXV") and has closed the second
tranche of its non-brokered private placement offering of units
(the "Offering") previously announced September 23, 2024.
The second tranche of the Offering consisted of 9,994,000 Units
priced at $0.05 per Unit for
aggregate gross proceeds of $499,700.
Each Unit consisted of one common share (each, a "Common Share")
and one common share purchase warrant (each, a "Warrant"). Each
warrant is exercisable by the holder to acquire one Common Share at
a price of $0.10 until November 06th, 2027, subject to the
Acceleration Right (as defined herein). If, following the date
hereof, the closing price of the Company's common shares on the
TSXV for any ten (10) consecutive trading days equals or exceeds
$0.25, the Company has the right,
upon providing written notice to the holders of Warrants, to
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 a news release (the "Acceleration Right"). In
connection with the Offering, the Company paid a total of
$17,129 cash and issued 341,580
Warrants, bearing the same terms as those attached to the units, to
certain finders in consideration for introducing certain purchasers
to the Company. Pursuant to applicable Canadian securities laws,
all securities issued and issuable in connection with the first
tranche of the Offering will be subject to a four (4) month hold
period. In conjunction with closing of this second tranche the
Company applied for and received a thirty (30) day extension from
the TSXV with respect to the offering in order to finalize a third
tranche of the placement. Updates will be provided as necessary on
its closing.
The Company intends to utilize the net proceeds from the
Offering for the exploration and development of the Company's
mineral properties and for general working capital purposes. None
of the proceeds from the second tranche of the Offering will be
used for the Yono Project acquisition, and the Offering remains
subject to final TSXV and regulatory approvals.
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.
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation, including but not limited to expected size
of the second tranche, the proposed use of proceeds of the
Offering, the anticipated closing date of the second tranche of the
Offering, the closing Project acquisition and receipt of the
approvals required and related thereto. All statements, other than
statements of historical fact, are forward-looking statements and
are based on expectations, estimates and projections as at the date
of this news release. Any statement that involves discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but
not always using phrases such as "expects", or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking
statements. Forward-looking statements contained herein are
made as of the date of this news release and the Company disclaims,
other than as required by law, any obligation to update any
forward-looking statements whether as a result of new information,
results, future events, circumstances, or if management's estimates
or opinions should change, or otherwise.
There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking 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.
SOURCE Tajiri Resources Corp.
