Tajiri Resources Corp.

Tajiri Resources Corp.

November 10, 2011 09:30 ET

Tajiri Closes First Tranche of $1 Million Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Tajiri Resources Corp. ("Tajiri") (TSX VENTURE:TAJ) reports it has closed the first tranche a non-brokered private placement announced Aug. 29, 2011, as amended Sept. 23, 2011, and Oct. 24, 2011. The Company issued 4,030,000 non flow-through units at a price of $0.10 per unit with each unit consisting of one Common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at the price of $0.15 for a period of 12 months. The Company also issued 1,415,000 flow-through units at a price of $0.12 per unit with each unit consisting of one flow-through share and one half of one common share purchase warrant with each whole warrant entitling the holder to purchase an additional common share of the Company at $0.18 for a period of 12 months. Proceeds from the first tranche of the private placement total $572,800. The Company expects to close the second tranche within the coming weeks and will make an announcement detailing the closing of the offering at that time.

$57,280 was paid and 435,500 broker warrants issued for finder's fee.

On Behalf of the Board,

Tajiri Resources Corp.

Albert (Rick) Timcke, President

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

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

  • Tajiri Resources Corp.
    1450 - 409 Granville
    Vancouver, British Columbia V6C 1T2
    604-642-0115 or Toll Free 866-345-0115
    604-642-0116 (FAX)