10:48:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Taku Gold Corp (2)
Symbol TAK
Shares Issued 14,116,514
Close 2017-04-21 C$ 0.085
Market Cap C$ 1,199,904
Recent Sedar Documents

Taku arranges $1-million private placement

2017-04-22 00:39 ET - News Release

Mr. Zachery Dingsdale reports

TAKU INCREASES FINANCING TO $1,000,000

Taku Gold Corp. intends to undertake a non-brokered private placement to raise $1-million through the distribution of 10 million units at 10 cents per unit.

Each unit will consist of one common share and one common share purchase warrant, each warrant entitling the holder to acquire one additional common share at 15 cents for 24 months from the date of issue.

In addition to relying on the usual exemptions, the placement will be available to all persons who held common shares of the company as of March 21, 2017 (the record date). If aggregate subscriptions for units from existing shareholders exceed the maximum number of units available, the company will allocate units on a proportionate basis as to each subscriber's holdings of the company's shares as of the record date.

Finders' fees may be paid, in accordance with Canadian Securities Exchange policies. Closing of the placement will be subject to making applicable filings with the CSE. The company confirms that there are no material facts or material changes concerning the company which have not been generally disclosed.

The net proceeds from the private placement will be used to finance Taku's continuing exploration programs in the White Gold district of Yukon and for general working capital. 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 (Goldcorp press release: May 12, 2016) of 3.0 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 grams per tonne).

Agnico-Eagle Mines Ltd. has also 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 White Gold Corp.

Taku holds a portfolio of 1,449 claims (29,813 hectares) in the White Gold district.

About Taku Gold Corp.

Taku Gold is a mineral resource company focused on the exploration and development of precious metal properties in Canada with an emphasis on the White Gold district of Yukon and the Tagish Lake region of Northern British Columbia.

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