Tarsis Capital Corp.
TSX VENTURE : TCC

Tarsis Capital Corp.

November 15, 2007 15:54 ET

Tarsis Increases Private Placement to $4.3 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Tarsis Capital Corp. (TSX VENTURE:TCC) ("Tarsis") is pleased to announce that it has increased the non-flow through portion of the private placement announced on November 8th, 2007. The total offering is now fully subscribed and a maximum of 2,400,000 Units will be issued to raise $1,680,000.

The offering of flow through common shares is also fully subscribed and will not be expanded.

Tarsis will now proceed to close the offerings by issuing 3,000,000 flow through shares and 2,400,000 Units for gross proceeds of $4,380,000. Each flow through share is priced at $0.90 and each Unit is priced at $0.70. Each unit comprises one common share and one half of one common share purchase warrant. Each whole warrant will allow the holder to purchase one common share for a period of eighteen months for $1.00.

These private placements are subject to the approval of the TSX Venture Exchange.

Tarsis is a junior exploration company with six mineral properties in the Yukon and one in Mexico. Tarsis currently has 8,520,000 common shares issued and outstanding. After this offering, Tarsis will have 13,920,000 common shares outstanding.

This press release, required by applicable Canadian laws, is not for distribution to U.S. News Services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

On behalf of the Board of Directors, Tarsis Capital Corp.

Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer

The TSX Venture Exchange does not Accept Responsibility for the Adequacy or Accuracy of this Release.

Contact Information

  • Tarsis Capital Corp.
    Marc G. Blythe, P.Eng., MBA.
    President and Chief Executive Officer
    (604) 689-7644
    Email: info@tarsis.ca
    Website: www.tarsis.ca