Pacific Opportunity Capital Ltd.

February 27, 2015 18:30 ET

Pacific Opportunity Capital Increases Share Position in Tarsis Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2015) - Pacific Opportunity Capital Ltd. (the "Acquiror") wishes to announce that between January 1, 2015 and February 27, 2015, the controlling shareholder of the Acquiror, Mark T. Brown, acquired ownership and control a total of 1,343,000 common shares of Tarsis Resources Ltd. (the "Company") in the public market with prices range from $0.025 to $0.03 per share.

The 1,343,000 common shares of the Company acquired by Mr. Brown represent approximately 2.2% (basic and diluted) of the issued and outstanding common shares of the Company. Following the acquisition, the Acquiror and its controlling shareholder, together, owns and controls 9,168,000 common shares, 3,900,000 warrants and 650,000 options of the Company, representing approximately 14.99% (basic) and 20.88% (partially diluted) of the issued and outstanding common shares of the Company.

The Acquiror and its controlling shareholder acquired the common shares for investment purposes. The Acquiror and its controlling shareholder have no present intention to acquire ownership of, or control over, additional securities of the Company, but may choose to acquire additional securities of the Company in the future for investment purposes.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by the Acquiror in connection with the acquisition of the Common Shares is available on the Company's SEDAR profile, and it can also be obtained directly from the Acquiror by contacting the Company at the number shown above.

Pacific Opportunity Capital Ltd.

Mark T. Brown, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pacific Opportunity Capital Ltd.
    (604) 687-3520