Financings

TARGA ANNOUNCES $3,000,000 NON-BROKERED PRIVATE PLACEMENT

By The Northwire Desk — AI Analysis Jan 30, 2026 · 16:00 TEX · 0.29 Targa Exploration Corp.

TEX · Price

Targa Exploration Corp. announced a non‑brokered private placement to raise up to C$3,000,000 by selling units at C$0.25 each.
Each unit consists of one common share and one common share purchase warrant (exercisable at C$0.50 for 24 months, with an acceleration clause).
Net proceeds are earmarked for exploration activities on the Company’s mineral projects and for working‑capital purposes; closing is expected around February 20 2026.

Offering size: Up to C$3,000,000 gross proceeds.
Unit price: C$0.25 per unit.
Unit composition: 1 common share + 1 common‑share purchase warrant.
Warrant terms: Right to acquire one additional share at C$0.50 per share; expires 24 months after closing, subject to acceleration if the 10‑day VWAP ≥ C$0.90. Accelerated expiry would be 30 days after a press release. Unexercised warrants expire without compensation.
Use of proceeds: Exploration of mineral projects and general working capital.
Closing date: Anticipated on or about February 20, 2026, subject to customary conditions.
Statutory hold period: Four months and one day from the closing date.
Finder’s fees: Company may pay eligible finders in connection with the offering.

(No executive quotes were included in the release.)

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