VANCOUVER, BC, Nov. 25, 2021 /CNW/ - Tajiri Resources Corp. (the
"Company") (TSXV: TAJ) is pleased to announce that subject to final
TSX Venture approval it will close the first tranche of its
previously announced non-brokered private placement for proceeds of
$869,999.94 through the issuance of
14,499,999 units.
The oversubscribed tranche will see the Company issue the units
at $0.06 per, with each unit
consisting of one common share and one common share purchase
warrant. Each warrant is exercisable into an additional common
share at a price of $0.10 for 36
months from closing. Insiders subscribed for 3,134,999 units in the
offering and the Company will pay fees of $10,600 and issue 180,600 Broker Warrants on a
portion of the offering with the warrants bearing the same terms as
those attached to the units. Proceeds will be used for ongoing
exploration and development work at the 100% owned Reo Gold
Project, Burkina Faso,
West Africa, and general corporate
purposes.
On Behalf of the Board,
Tajiri Resources Corp.
Graham
Keevil,
President & CEO
About Tajiri
Tajiri Resources Corp. is a junior gold exploration and
development company with exploration assets located in two of the
worlds least explored and highly prospective greenstone belts of
Burkina Faso, West Africa and Guyana, South
America. Led by a team of industry professionals with
a combined 100 plus years' experience the Company continues to
generate shareholder value through exploration.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to
revise or update such statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tajiri Resources Corp.