Tajiri Resources Announces $250,000 Non-Brokered Private Placement
VANCOUVER, British Columbia, Oct.12, 2017(GLOBE NEWSWIRE) -- Tajiri Resources Corp. (the "Company") (TSX VENTURE:TAJ) reports that subject to TSX Venture Exchange approvals the Company will complete a non-brokered private placement of up to 2,500,000 units. Each unit will be priced at $0.10 and include a half warrant exercisable at $0.20 for 24 months from the closing date. It is anticipated that management will participate in the raising. Fees may be paid on a portion of the offering.
Proceeds from the offering will fund ongoing acquisitions and related costs in Guyana, South America, where the Company is already a dominant gold exploration land holder; owning, or with an option to own 100% of: the Kaburi, Winters Mine, Frenchman's Creek Mine, and Kanainamapau properties.
The collective holdings total over 3002KM of highly-prospective mining licenses that have been the source of significant alluvial gold production. The Kaburi Gold Property is the Company's most advanced asset, and is contiguous to Troy Resources Ltd.'s Karouni Gold Mine - a 75,000 ounce per year producer, discovered by current Tajiri Chairman Mr. Dominic O'Sullivan.
For more information on the Kaburi and other properties please visit the Company's website at www.tajiriresources.com.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil,
President, CEO
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.
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.
Contact Information:
Tajiri Resources Corp.
Graham Keevil
President, CEO
604-642-0115 or Toll Free 866-345-0115
604-642-0116 (FAX)
info@tajiricorp.com