Talisker Announces Closing of Bought Deal Private Placement for Gross Proceeds of $52.1 Million

Executive Summary

• Talisker Resources Ltd. closed its “bought‑deal” private placement, raising gross proceeds of C$52.1 million from the sale of 26 million units at $2.00 per unit.
• The offering included a partial exercise of an over‑allotment option for 625,000 common share purchase warrants (exercise price $2.70, expiry March 10 2028).
• Net proceeds will be used to advance the Bralorne Gold Project in British Columbia and for general corporate purposes and working capital.

Key Details

• Offering Size: C$52,100,000 gross proceeds.
• Units Sold: 26,000,000 units at $2.00 per unit.
• Unit Composition: Each unit = 1 common share + ½ warrant; each whole warrant allows purchase of one common share at $2.70.
• Over‑Allotment Option: Exercised for 625,000 warrants.
• Lead Underwriter / Bookrunner: Red Cloud Securities Inc., with A.G.P. Canada Investments ULC as syndicate member.
• Use of Proceeds: Advancement of the Bralorne Gold Project; general corporate purposes; working capital.
• Regulatory Exemptions: Units issued under NI 45‑106 listed issuer financing exemption (5,071,431 units to Canadian purchasers) and private placement/offshore exemptions for remaining units.
• Holding Periods: Canadian‑purchased units freely tradeable immediately; other units subject to a four‑month hold period.
• Related Party Participation: Insiders subscribed to the offering; transaction treated as a related‑party transaction under MI 61‑101, exempt from formal valuation/minority approval.
• Closing Conditions: Subject to final TSX approval; material change report to be filed within 21 days prior to closing.
• Warrant Listing Intent: Company will seek to list the warrants on the Toronto Stock Exchange (TSX).

Notable Quotes

(No executive quotes included in the release.)