VANCOUVER, Jan. 2, 2020 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSX VENTURE: TAJ) is pleased
to report that subject to final TSX Venture Exchange (the
"Exchange") approval that due to increased market interest it will
extend, and increase the third tranche of its non-brokered private
placement originally announced December
05th, 2019 by up to CDN$100,000.
The first tranche of the placement saw the Company issue
2,950,000 units for proceeds of CDN$147,500. The second tranche of the placement
saw the Company issuing 3,640,000 units for proceeds of
CDN$182,000. 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. Terms will remain the same for this third and
final tranche.
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 third
and final 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.