20:07:14 EDT Mon 29 Apr 2024
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or Name
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Tajiri Resources Corp (2)
Symbol TAJ
Shares Issued 125,756,618
Close 2023-06-06 C$ 0.03
Market Cap C$ 3,772,699
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Tajiri Resources clarifies Gargantuan non-interest

2023-06-07 07:17 ET - News Release

Mr. Graham Keevil reports

TAJIRI CLARIFIES DISCLOSURES FROM PREVIOUS ANNOUNCEMENT

Tajiri Resources Corp. is providing investors clarification relating to disclosures contained in news released by the company May 23, 2023, that included reporting of drill results on a property adjacent to the Gargantuan project located in Guyana, South America.

Firstly, the company notes to investors that it does not currently hold any interest in the Gargantuan project and is only party to a non-binding letter of intent (LOI) to acquire it and the Epeius project under terms detailed in news released June 24, 2020. The company is currently in the process of preparing filings and National Instrument 43-101 technical reports to facilitate a shareholder vote on the approval of the acquisition, a requirement based on the terms of the LOI and the material nature of the transaction. There can be no assurance that the acquisition will receive approval by the TSX Venture Exchange or the shareholders of Tajiri at this time and therefore the disclosures contained in its May 23, 2023, announcement are considered immaterial to the company until such time as all required documentation has been filed, reviewed and approved by shareholders.

Secondly, the company advises that results reported in its May 23 announcement were sourced solely from a third party news release and Tajiri's qualified person responsible for the review of technical details included therein had no access to the data on which the information was based and therefore, by definition, was unable to independently confirm or verify their accuracy or reliability. The company also reminds investors that the results, resources or mineralization on the adjacent property are not necessarily indicative of the potential for similar to exist on the Gargantuan project.

About Tajiri Resources Corp.

Tajiri Resources is a junior gold exploration and development company with exploration assets located in two of the world's least explored and highly prospective greenstone belts of Burkina Faso, West Africa, and Guyana, South America. Led by a team of industry professionals with a combined 100 plus years of experience the company continues to generate shareholder value through exploration.

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