VANCOUVER, Jan. 21, 2020 /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 third and final tranche of a
non-brokered private placement originally announced December 05th, 2019.
The final tranche of the placement will result in the Company
issuing 2,110,000 units for proceeds of CDN$105,500. 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 a total 8 subscribers in this tranche. 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$5,640 and will issue 56,400
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.
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.