Taurus Gold Closes Non-Brokered Private Placement

Executive Summary

• Taurus Gold Corp. closed a non‑brokered private placement of 122,328,220 units at $0.05 per unit, raising CDN $6,116,411.
• The offering also included the issuance of 300,000 shares for a $60,000 debt settlement and payment of finder fees totaling $489,312 plus 9,786,257 finder’s warrants.
• All securities are subject to a four‑month‑plus hold period and required regulatory approvals; no new insiders or control persons were created.

Key Details

• Units Issued: 122,328,220 units @ $0.05 per unit = CDN $6,116,411 gross proceeds.
• Unit Composition: Each unit = 1 common share + 1 common share purchase warrant.
• Additional Shares for Settlement: 300,000 shares issued @ $0.05 per share to settle a $60,000 debt with an arm’s‑length party.
• Finder Compensation:
• Cash paid: $489,312 (aggregate).
• Finder’s warrants issued: 9,786,257 warrants, exercisable for three years at $0.064 per underlying common share.
• Regulatory Conditions: Offering subject to CSE acceptance and other required approvals; all securities subject to a hold period of four months and one day from issuance.
• Shareholder Approval: Written approval obtained from >50% of disinterested shareholders, as the offering represented >100% of previously outstanding common shares.
• No Change in Control: No new insiders or control persons created; existing ownership structure unchanged.
• U.S. Securities Law Disclaimer: Units and warrants not registered under U.S. securities laws and will not be offered/sold in the United States absent exemption.

Notable Quotes

• “We are pleased to have successfully closed this financing, which provides the capital needed to advance our flagship Charlotte property,” – Robert Sim, CEO & Director.