Original News Release
Taranis Resources arranges $252,000 financing
Mr. John Gardiner reports
TARANIS ANNOUNCES PRIVATE PLACEMENT
Taranis Resources Inc. has arranged a non-brokered private placement of the sale of up to 1.4 million units at a price of 18 cents per unit for gross proceeds of up to $252,000, with each unit to consist of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of 25 cents for a period of 36 months from closing.
The proceeds from the offering will be used to incur further exploration expenses at the company's Thor property in southeastern British Columbia as well as for working capital purposes
Qualified person
Exploration activities at Thor are overseen by John Gardiner, PGeo, who is a qualified person under the meaning of National Instrument 43-101. John Gardiner, PGeo, is a principal of John J. Gardiner & Associates LLC, which operates in British Columbia under firm permit No. 1002256.
Taranis currently has 102,421,487 shares issued and outstanding (119,972,613 shares on a fully diluted basis).
We seek Safe Harbor.
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