Tajiri Announces Non-Brokered Private Placement to Raise $1.5 Million

Executive Summary

• Tajiri Resources Corp. announced a non‑brokered private placement to raise up to CDN $1.5 million by selling up to 8,333,333 units at $0.18 per unit.
• Each unit consists of one common share and half of a common‑share purchase warrant; each whole warrant allows the holder to buy an additional share at $0.40 for 18 months after closing.
• Proceeds are earmarked for exploration and development of existing mineral projects, potential acquisitions, and general working capital.

Key Details

• Units offered: Up to 8,333,333 units at CDN $0.18 per unit (gross proceeds up to CDN $1.5 million).
• Unit composition: 1 common share + ½ of a common‑share purchase warrant (full warrant = right to buy one additional share at $0.40).
• Warrant terms: Exercise price $0.40 per share; exercisable for 18 months from the closing date.
• Closing conditions: Subject to final TSX Venture Exchange approval; fees may be paid on a portion of the offering; insiders may participate at discretion.
• Hold period: Standard lock‑up of four months and one day from closing for all securities issued.
• Use of proceeds:
• Exploration and development of Tajiri’s mineral projects (primarily gold assets in Guyana).
• Funding future acquisitions.
• General working capital purposes.
• Announcement issuer: Graham Keevil, President & CEO, on behalf of the Board.

Notable Quotes

(No direct quotes were provided in the release.)