Mr. Brandon Boddy reports
TILLER COMPLETES 1:10 CONSOLIDATION AND CLOSES $500,000 PRIVATE PLACEMENT
Further to the news release of Dec. 20, 2016, Tiller Resources Ltd. consolidated its shares on a one-new-common-share-for-10-old-common-share basis on Jan. 12, 2017.
Following the consolidation, the private placement, also previously announced, has now been fully closed. The private placement consists of 6,666,667 units on a postconsolidated basis at 7.5 cents per unit for gross proceeds of $500,000.
Each unit will comprise one common share of the issuer and one common share purchase warrant of the issuer. Each postconsolidated warrant will be exercisable into a common share of the company at an exercise price of 10 cents with a holding period of four months from the issuance date and an expiry date of one year from the issuance date.
We seek Safe Harbor.
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