Tactical Resources Announces Financing

Executive Summary

• Tactical Resources Corp. announced a non‑brokered private placement of up to 214,285 common shares at $6.30 per share, targeting gross proceeds of up to $1.35 million.
• Net proceeds are intended for working capital and general corporate purposes.
• The offering may be closed in one or more tranches, with no minimum size required, and the company may pay finders’ fees in cash or securities.

Key Details

• Offering Size: Up to 214,285 common shares.
• Issue Price: $6.30 per share.
• Gross Proceeds Target: Up to $1,350,000.
• Use of Proceeds: Working capital and general corporate purposes.
• Placement Structure: Non‑brokered private placement; size may be increased or decreased at the company’s discretion in line with TSX Venture Exchange policies.
• Closing Conditions: Subject to regulatory and corporate approvals, including exchange approval; no minimum share count or aggregate proceeds required.
• Tranche Flexibility: Company may close the offering in a single tranche or multiple tranches.
• Finders’ Fees: May be paid in cash, securities, or a combination thereof, as permitted by exchange policies.
• Statutory Hold Period: Shares subject to a four‑month plus one day hold period from issuance.
• Regulatory Disclaimer: Offering not registered under U.S. securities laws; not offered or sold to U.S. persons absent exemption.

Notable Quotes

(No executive quotes were provided in the release.)