Mr. Graham Keevil reports
TAJIRI SECURES SHAREHOLDER APPROVAL FOR YONO GOLD ACQUISITION
In accordance with the rules of the TSX Venture Exchange, Tajiri Resources Corp. has received shareholder approval for its previously announced proposed acquisition of the Yono gold property located in Guyana, South America.
The Yono gold property is strategically situated just 170 metres from significant gold resources totalling approximately 5.2 million and 2.7 million ounces (indicated and inferred) on the adjacent Oko and Oko West properties, owned by G2 Goldfields and G Mining Ventures.
Chief executive officer and president Graham Keevil commented: "As we move forward with the acquisition of the Yono gold property, I'm thrilled by this strong show of shareholder support. Through direct engagement, we reached a majority of disinterested Tajiri shareholders and secured approval in under 10 days. I believe this not only speaks to the enthusiasm investors have with respect to the Yono project but also the close relationship we maintain with our shareholders. We look forward to finalizing the remaining closing steps soon and beginning our work on the property."
The company is working to satisfy the TSX Venture Exchange requirements for the acquisition of the Yono gold property under Section 5.7 of TSX-V Policy 5.3. To obtain final approval from the TSX-V, the company is required to: (i) submit a financial plan demonstrating sufficient resources to cover obligations for six months postclosing and the first phase of the recommended work program; (ii) provide required personal information forms for certain insiders as acknowledged by the TSX-V, with final closing subject to their completion and clearance; (iii) provide a legal title opinion confirming Nebula Resources Inc.'s authority to transfer the Yono gold property interest; and (iv) pay the remaining filing fee of $14,700 to the TSX-V.
Until the closing of the acquisition of the Yono gold property, the company will provide status updates through follow-up news releases at 30-day and 90-day intervals.
Qualified person
The scientific and technical contents of this news release have been reviewed and approved by Dominic O'Sullivan. Mr. O'Sullivan is a geologist, member of the AusIMM and a qualified person, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. However, Mr. O'Sullivan is not independent of the company by virtue of his position as executive chairman.
About Tajiri
Resources Corp.
Tajiri is a junior gold exploration and development company with exploration assets located in two of the worlds least explored and highly prolific greenstone belts of Burkina Faso, West Africa, and Guyana, South America. Lead 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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