Tartisan Resources Corp. Announces Closing of Private Placement for Proceeds of $334,000 at 15 Cents per Unit

2017-05-12 / @fscwire

Tartisan Resources Corp. Announces Closing of Private Placementfor Proceeds of $334,000 at 15 Cents per Unit

Not for distribution to U.S. news wire services or dissemination in the U.S.

Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) ("Tartisan", or the "Company") is pleased to announce the closing of a Private Placement of2,226,668 units at 15 cents per unit.

Private Placement

Tartisan Resources Corp. has raised $CDN 334,000 via a non-brokered private-placement of 2,226,668 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in properties and projects in Peru, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 72,362,443 shares outstanding (88,405,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company's website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanMay122017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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