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.
