14:19:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Taku Gold Corp (2)
Symbol TAK
Shares Issued 8,666,514
Close 2016-12-07 C$ 0.075
Market Cap C$ 649,989
Recent Sedar Documents

Taku Gold arranges $400,000 private placement

2016-12-07 09:47 ET - News Release

Mr. Zak Dingsdale reports

TAKU ANNOUNCES $400,000 FLOW-THROUGH FINANCING

Taku Gold Corp. has arranged a non-brokered private placement of up to four million flow-through shares at a price of 10 cents per flow-through for net proceeds up to $400,000. Finders' fees may be paid on a portion of the private placement, in accordance with the policies of the Canadian Securities Exchange. The private placement will be subject to prospectus exemptions of applicable securities laws and to the final acceptance of the Canadian Securities Exchange.

The net proceeds of the private placement will be used to fund Taku's continuing exploration programs in the White Gold district of Yukon. This new gold camp has shown a rapid evolution from the initial Golden Saddle discovery in 2009, currently held by Kinross Gold Corp., to the $520-million, all-share acquisition of Kaminak Gold Corp. in May, 2016, by Goldcorp Inc. Kaminak's key asset was the Coffee gold project located at the south end of the White Gold district approximately 130 kilometres south of Dawson City. Coffee currently has total gold mineral resources (see Goldcorp press release dated May 12, 2016) of three million ounces indicated (63.7 million tonnes at 1.45 grams per tonne) and 2.2 million ounces inferred (52.4 million tonnes at 1.31 g/t).

Agnico-Eagle Mines Ltd. has recently entered the camp with a proposed share purchase equal to 19.93 per cent of the total number of issued and outstanding common shares of G4G Capital Corp. (to be renamed White Gold Corp.), after giving effect to a concurrent private placement at a price of $1.20 per common share (see Agnico-Eagle press release dated Dec. 6, 2016). Agnico-Eagle will invest $14.52-million, assuming the concurrent private placement is fully subscribed at $3.48-million (see G4G press release dated Dec. 6, 2016). G4G has an option to acquire 12,301 claims (249,000 hectares) across 21 properties covering a large portion of the White Gold district.

Taku holds a portfolio of 1,449 claims (29,813 hectares) in the White Gold district. Its Rosebute property is currently under option to Independence Gold Corp. whereby Independence may earn a 75-per-cent interest in the property by paying $295,000 cash ($60,000 paid), issuing one million shares (200,000 issued) and completing $2-million work expenditures over a three-year period (see Taku press release dated July 6, 2016).

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.