Talent Infinity arranges $475,000 private placement

Executive Summary

• Talent Infinity Resource Developments Inc. announced a non-brokered private placement equity financing with aggregate gross proceeds of up to $475,000.
• The company is offering up to 9.5 million non-flow-through (NFT) units at a price of $0.05 per unit.
• Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.075 per share for two years.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 9.5 million NFT units.
• Price: $0.05 per NFT unit.
• Gross Proceeds: Up to $475,000.
• Unit Composition: Each NFT unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.075 per common share.
  • Duration: Two years following the closing date.
  • Acceleration Clause: The company may accelerate expiry if the 20-day VWAP exceeds $0.35 for 10 consecutive days; notice must provide at least 30 days' notice before accelerated expiry.
• Hold Period: Four months plus one day from issuance.
• Use of Proceeds: General working capital purposes.
• Finder's Fees: May be paid in connection with the offering.