Talisker Closes Final Tranche of Private Placement
September 11 2024 - 7:00AM
Talisker Resources Ltd. (“
Talisker” or the
“
Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to
announce that it closed the second and final tranche
(“
Tranche 2”) of the previously announced
non-brokered private placement (the “
Offering”) of
units of the Company (“
Units”). In connection with
Tranche 2, the Company issued 875,000 Units at a price of $0.40 per
Unit for aggregate gross proceeds of $350,000. When combined with
the first tranche of the Offering, an aggregate of 6,300,500 Units
were issued by the Company at a price of $0.40 per Unit for
aggregate gross proceeds of $2,520,200 under the Offering. All
amounts are in Canadian dollars unless otherwise noted.
Each Unit consists 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 Warrant issued under
Tranche 2 entitles the holder thereof to acquire one Common
Share at an exercise price of $0.60 per Common Share until
September 11, 2026.
The Company intends to use the net proceeds from
Tranche 2 for working capital and general corporate purposes. No
finder’s fees were paid in connection with Tranche 2.
Certain insiders of the Company subscribed for
Units pursuant to the Offering. Participation by such insiders in
the Offering was considered a “related party transaction” pursuant
to Multilateral Instrument 61-101 – Protection of Minority Security
Holders in Special Transactions (“MI 61-101”). The
Company was exempt from the requirements to obtain a formal
valuation or minority shareholder approval in connection with such
insiders’ participation in the Offering in reliance on Sections
5.5(a) and 5.7(1)(a) of MI 61-101. A material change report in
connection with the Offering will be filed less than 21 days in
advance of the closing of the Offering, which the Company deemed
reasonable in the circumstances so as to be able to avail itself of
potential financing opportunities and complete the Offering in an
expeditious manner.
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 HarbortPresident and CEOterry.harbort@taliskerresources.com+1
416 357 0227 |
Matt FilgateVice President, Corporate
Developmentmatt.filgate@taliskerresources.com+1 778 679 3579 |
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 contained 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 expressions 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
intended use of proceeds of Tranche 2, and final approval of the
Toronto Stock Exchange. 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 achievements 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
obligated 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.
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