VANCOUVER, BC, Dec. 4, 2024
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is
pleased to announce that it has received final acceptance from the
TSX Venture Exchange ("TSXV") and has closed its non-brokered
private placement offering of units (the "Offering") previously
announced September 23, 2024.
The Offering consisted of two tranches (see news released
October 09th and
November 06th, 2024)
totalling 19,894,000 Units priced at $0.05 per Unit for aggregate gross proceeds of
$994,700. 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 for three years from the date of issuance,
subject to the Acceleration Right (as defined herein). If,
following the date of issuance, 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
$49,679 cash and issued 992,580
non-transferable Broker Warrants, bearing the same terms as those
attached to the units, including the acceleration right, to certain
finders in consideration for introducing certain purchasers to the
Company. Pursuant to applicable Canadian securities laws, all
securities issued in connection with the Offering are subject to a
four (4) month hold period from the date of issuance.
Proceeds from the Offering for the exploration and development
of the Company's mineral properties and for general working capital
purposes with roughly $30,000 of the
proceeds raised in the first tranche to be used toward the
acquisition of the Yono Gold Property in Guyana. The Company will not be proceeding
with the previously announced third tranche of the placement at
this time and the placement has now officially been closed.
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.
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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.
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SOURCE Tajiri Resources Corp.
