Tajiri closes $1.87-million private placement

Executive Summary

• Tajiri Resources Corp. closed a non‑brokered private placement, raising gross proceeds of $1,870,850.10.
• The offering was oversubscribed; 26,726,430 units were sold at $0.07 per unit, each consisting of one common share and half a warrant.
• Proceeds will be used for exploration and development of mineral projects, future acquisitions, and general working capital.

Key Details

• Units Issued: 26,726,430 units (each = 1 common share + ½ warrant).
• Price per Unit: $0.07 (total gross proceeds $1,870,850.10).
• Warrant Terms: Each whole warrant allows purchase of one additional common share at $0.14 for 12 months from closing; accelerated expiry if the share price ≥ $0.25 for any 10 consecutive trading days.
• Hold Period: Standard lock‑up of four months and one day from the closing date for all securities issued.
• Use of Proceeds: Exploration & development of Tajiri’s mineral projects, potential acquisitions, and general working capital.
• Cash Finder Fees Paid: $12,257.50 (deducted from eligible proceeds).
• Related‑Party Purchases: Officers and directors collectively acquired 3 million units; transaction exempt from MI 61‑101 valuation/approval thresholds because neither the securities’ fair market value nor consideration exceeded 25 % of market cap.
• Lead Investor: Paragon Funds Management Ltd., with a post‑fee return of 102.4 % for 2025, led by CIO John Deniz.

Notable Quotes

(No direct quotes were provided in the release.)