VANCOUVER, Dec. 5, 2019 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSX VENTURE: TAJ)
reports that subject to TSX Venture Exchange (the "Exchange")
approval it intends to raise a minimum of CDN$300,000 by way of non-brokered private
placement of units.
Each unit will be priced at $0.05
per, and consist of one common share, and one half of one common
share purchase warrant. Each whole warrant will entitle the
purchaser to acquire an additional common share in the capital of
the Company at a price of $0.20 for a
period of 24 months from the closing date. All shares issued will
be subject to the Exchanges automatic four month and one day hold
period, fee's may be paid on a portion of the units placed, and
insiders may participate in the offering.
Funds will be used to finance on going project maintenance
costs, evaluation of potential acquisitions, and general working
capital. The Company will provide an updates on closing of, or any
changes to the offering in line with the policies of the
Exchange.
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.