Talisker Announces Bought Deal Private Placement for Gross Proceeds of $20.0 Million

Executive Summary

• Talisker Resources Ltd. entered into an underwriting agreement with Red Cloud Securities to sell 13,333,334 common shares at $1.50 per share in a “bought‑deal” private placement for gross proceeds of C$20,000,001.
• The underwriters received an over‑allotment option for up to an additional 2,000,000 shares, potentially raising another C$3,000,000.
• Net proceeds are earmarked for advancing the Bralorne Gold Project in British Columbia and for general corporate purposes and working capital.

Key Details

• Offering Size: 13,333,334 common shares (the “Offered Shares”).
• Price per Share: C$1.50 (offering price).
• Gross Proceeds: C$20,000,001.
• Over‑Allotment Option: Up to 2,000,000 additional shares at the same price, for up to C$3,000,000 extra proceeds; exercisable up to 48 hours before closing.
• Underwriters: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) with a syndicate of underwriters.
• Closing Date: Expected on or about October 24, 2025 (subject to customary conditions and regulatory approvals).
• Use of Proceeds: Primarily to fund continued advancement of the Bralorne Gold Project; remainder for general corporate purposes and working capital.
• Placement Structure: Private placement exempt from prospectus requirements in Canada (except Québec), the United States, and other jurisdictions; Canadian investors subject to a four‑month hold period, while non‑Canadian investors are not expected to face such a hold.
• Regulatory Conditions: Closing contingent upon receipt of all required regulatory approvals, including Toronto Stock Exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)