00:35:49 EDT Tue 30 Apr 2024
Enter Symbol
or Name
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Tajiri Resources Corp (2)
Symbol TAJ
Shares Issued 129,666,618
Close 2023-11-09 C$ 0.015
Market Cap C$ 1,944,999
Recent Sedar Documents

Tajiri to close $90,000 private placement

2023-11-16 19:19 ET - News Release

Mr. Graham Keevil reports

TAJIRI RESOURCES TO CLOSE NON-BROKERED PRIVATE PLACEMENT

Subject to approval of the TSX Venture Exchange, Tajiri Resources Corp. will close a non-brokered private placement originally announced Oct. 4, 2023.

Proceeds from the placement totalled $90,000 through the issuance of 4.5 million shares at a price of two cents per common share. A director of the company subscribed for one million shares, which constitutes a related-party transaction; however, the company is protected from certain obligations under the rules of Multilateral Instrument 106 due to the purchase not exceeding 25 per cent of the market valuation of the company, and therefore, shareholder approval was not required in this case.

As the financing is below five cents, the company is relying on the minimum pricing exemption provided by the TSX Venture Exchange and, as such, is providing a brief on the use of proceeds raised. The funds will be used for corporate purposes, more specifically for continuing working capital and expenses associated with the continued listing requirements of the company. This includes maintaining of the company's transfer agent, continuing listing fees, newswire service provider, SEDAR+ filing services and other corporate requirements as they become due. None of the funds raised will be used to pay any debt outstanding to placees' participating in the offering or for payment to those engaged in investor relations activities. Non-participating non-arm's-length parties may receive payments based on consulting work provided in the form of management services relating to the administration of company affairs. All shares issued will be subject to the exchange's mandatory four-month-and-one-day hold period, and the company paid finders' fees of $2,100 on a portion of the offering.

About Tajiri Resources Corp.

Tajiri 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 experience, the company continues to generate shareholder value through exploration.

We seek Safe Harbor.

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