VANCOUVER, July 26, 2019
/CNW/ - Tajiri Resources Corp. (the
"Company") (TSX VENTURE: TAJ) is pleased to
report that subject to final TSX Venture Exchange approval it will
close on its previously announced private placement. The offering
results in proceeds of CDN$310,000
through the issuance of 9,300,000 units priced at $0.05 per unit. Each unit consisted of one common
share and one half of a common share purchase warrant, with each
whole warrant allowing for the purchase of an additional common
share at $0.17 for 24 months from the
closing date. The warrants also carry an acceleration clause
whereby if the shares of the Company trade at or over $0.30 for 10 consecutive trading days they must
be exercised or will expire within one week.
Funds raised will be used for new acquisitions, ongoing project
expenses, and general working capital. Fee's were paid on a portion
of the offering in the amount of $9,600 and a Director of the Company subscribed
for 2,000,000 units. All shares issued are subject to the exchanges
mandatory four month and one day hold policy.
On Behalf of the Board,
Tajiri Resources Corp.
Graham
Keevil,
President, CEO
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.
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.
SOURCE Tajiri Resources Corp.