VANCOUVER, Dec. 17, 2019
/CNW/ - Tajiri Resources Corp. (the
"Company") (TSX VENTURE: TAJ) is pleased to report that
subject to final TSX Venture Exchange (the "Exchange") approval it
will close the first tranche of a non-brokered private placement
originally announced December
05th, 2019.
The first tranche of the placement will result of the Company
issuing 2,950,000 units for net proceeds of CDN$147,500. Each unit was priced at $0.05 per, and consisted of one common share, and
one half of one common share purchase warrant. Each whole warrant
entitles 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. There were 11 subscribers in this tranche, and Pro Group
participation in the offering was for 885,000 units. All securities
issued will be subject to the Exchanges mandatory four month and
one day hold period. The Company paid fee's in the amount of
CDN$11,800 and will issue 118,000
broker warrants governed by the same terms as mentioned above.
Funds will be used to finance on-going project maintenance
costs, evaluation of potential acquisitions, and general working
capital. The Company will provide an update on closing of the
second tranche of the placement as details become available.
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.