Taranis Resources arranges $252,000 financing

Executive Summary

• Taranis Resources Inc. announced a non‑brokered private placement of up to 1.4 million units at C$0.18 per unit, targeting gross proceeds of up to C$252,000.
• Each unit consists of one common share and one non‑transferable warrant allowing purchase of an additional common share at C$0.25 for 36 months after closing.
• Proceeds will be used to fund further exploration on the Thor property in southeastern British Columbia and for general working capital.

Key Details

• Units offered: Up to 1,400,000 units (each = 1 common share + 1 warrant).
• Price per unit: C$0.18.
• Maximum gross proceeds: C$252,000.
• Warrant terms: One‑share purchase warrant per unit; exercise price C$0.25; exercisable for 36 months from closing; non‑transferable.
• Use of proceeds:
• Exploration expenses on the Thor property (southeastern British Columbia).
• General working capital.
• Qualified person: John Gardiner, P.Geo., principal of John J. Gardiner & Associates LLC, qualified under NI 43‑101 for Thor exploration activities.
• Current share count: 102,421,487 shares issued and outstanding; 119,972,613 on a fully diluted basis.

Notable Quotes

(No direct quotes were provided in the release.)