Taurus increases private placement to $7.5-million

Executive Summary

• Taurus Gold Corp. increased its non‑brokered private placement to up to 150 million units at $0.05 per unit, targeting gross proceeds of up to $7.5 million.
• Each unit consists of one common share and one transferable warrant (exercise price $0.064, 36‑month term).
• Net proceeds are earmarked for maintaining the Charlotte gold property, advancing strategic business development, and general working capital; closing expected on or before Oct. 20 2025 pending CSE shareholder approval.

Key Details

• Placement Size: Up to 150 million units (previously announced amount increased).
• Unit Price: $0.05 per unit → gross proceeds up to $7.5 million.
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Exercise price $0.064 per share; exercisable for 36 months from issuance date.
• Finder’s Fee: Cash fee equal to 8 % of gross proceeds; additional finder warrants equal to 8 % of units placed (same exercise terms as above).
• Shareholder Approval: Required prior to closing; will be obtained via written consent of the majority of outstanding share capital, per CSE policies.
• Use of Proceeds:
• Maintain Charlotte gold‑silver property in good standing.
• Advance strategic business development initiatives.
• General working capital.
• Closing Conditions: Subject to CSE approval and filing of required documentation; anticipated to close in one or more tranches after approvals.
• Hold Period: All securities issued subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Target Closing Date: On or before Oct. 20 2025.

Notable Quotes

(No direct quotes were provided in the release.)