Talisker closes $18.27M first tranche of placement

Executive Summary

• Talisker Resources Ltd. has closed the first tranche of its previously announced bought deal private placement, raising gross proceeds of C$18.3 million.
• The company intends to use the net proceeds to advance its flagship Bralorne gold project in British Columbia, as well as for general corporate purposes and working capital.
• The final tranche of the offering is expected to close on or before November 6, 2025, subject to final approval from the Toronto Stock Exchange.

Key Details

• Gross Proceeds: C$18,275,001 raised from the first tranche.
• Shares Issued: 12,183,334 common shares.
• Price Per Share: $1.50.
• Underwriters: Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner; syndicate included Canaccord Genuity Corp. and FMI Securities Inc.
• Use of Proceeds: Continued advancement of the Bralorne gold project (British Columbia), general corporate purposes, and working capital.
• Underwriter Compensation (First Tranche):
  • Aggregate cash fees: $1,066,494.06.
  • Warrants issued: 710,966 non-transferable common share purchase warrants.
  • Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.68.
  • Warrant Expiration: On or before October 24, 2027.
• Hold Periods:
  • Canadian purchasers: Four-month hold period ending February 25, 2026.
  • Non-Canadian purchasers: No four-month hold period under applicable Canadian laws.
• Regulatory Status: Closing of the first tranche remains subject to final approval of the Toronto Stock Exchange.
• Future Tranche: The final tranche is expected to close on or before November 6, 2025.