By Devika Patel
Knoxville, Tenn., April 7 - Taranis Resources Inc. said it has negotiated a private placement of units to raise C$2 million.
The company plans to sell flow-through units of one flow-through common share and one half-share warrant at C$0.55 per unit.
Each whole warrant will be exercisable at C$0.75 for one year.
Taranis also intends to sell equity units of one common share and one half-share warrant at C$0.45 per unit.
Each of these warrants will be exercisable at C$0.55 for one year.
Kingsdale Capital Markets Inc. is the agent.
Proceeds will be used for exploration at the company's Thor Project in Southeastern British Columbia and for general corporate purposes.
Taranis Resources is a precious and base metals exploration company and is based in Lakewood, Colo.
| Issuer: | Taranis Resources Inc.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant; units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Pricing date: | April 7
|
| Stock symbol: | TSX Venture: TRO
|
| Stock price: | C$0.44 at close April 4
|
|
|
| Flow-through units
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.75
|
|
|
| Equity units
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.55
|
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