Tajiri increases private placement to $1.5-million

Executive Summary

• Tajiri Resources Corp. increased its previously announced non‑brokered private placement to a total of $1.5 million.
• Up to 21,428,571 units will be sold at $0.07 per unit; each unit includes one common share and half a warrant (full warrant = right to purchase one additional share at $0.14).
• Proceeds are earmarked for exploration and development of mineral projects, potential acquisitions, and general working capital.

Key Details

• Placement Size: Increased to $1.5 million (previously announced amount not restated).
• Units Offered: Up to 21,428,571 units at C$0.07 per unit.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant = right to buy one additional share at C$0.14).
• Warrant Terms:
• Exercise price: C$0.14 per share.
• Expiry: 12 months from closing, with accelerated expiry if the TSX.V‑listed share price ≥ C$0.25 for any 10 consecutive trading days.
• Issuer may accelerate expiry by notice; new expiry = 30 days after such notice.
• Closing Conditions: Subject to final approval of the TSX Venture Exchange; 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 existing mineral projects (Burkina Faso and Guyana).
• Potential future acquisitions.
• General working capital.
• Additional Updates: Company will issue further information as required or available.

Notable Quotes

(No direct quotes were provided in the release.)