VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 30, 2015) - Tajiri Resources Corp. (the "Company") (TSX VENTURE:TAJ) reports that subject to final TSX Venture Exchange approval it will arrange a non-brokered private placement of up to 10,000,000 units in the capital of the Company at a price of $0.015 per unit for proceeds of CDN$150,000. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share at $0.05 for twelve months from the closing date. The Company will rely on the exchanges waiving of its minimum pricing policy to complete the placement as well as various other exemptions including but not limited to the existing shareholder exemptions for conducting private placements. All shares issued will be subject to the mandatory four month and one day hold period following the close of the offering.
The offering will be made open to all existing shareholders and as such any shareholders of record as of the date of this release, who are interested in participating in the offering, should contact the Company on the numbers listed below as soon as possible in order to receive and complete their subscription forms. All subscriptions will be accounted for on a first come first serve basis, as the placement will not exceed the targeted CDN$150,000; However, should subscriptions in excess of the targeted amount be received they will be allocated pro-rata in relation to the offering.
Proceeds raised through the offering will be used to finalize the Company's purchase of 100% interest in the Kaburi PL Gold Project, District 7, Guyana for CDN$40,000, requisite payment of annual land holding fees to the Guyana Geology and Mines Commission of approximately CDN$20,000 and finally to ensure the Company has adequate cash on hand to continue to meet TSX Venture Exchange Tier 2 minimum listing requirements for 12 months from closing. The final allocation will include payments to various corporate compliance related service providers including, but not limited to, transfer agent(s), auditor(s) and the TSX Venture Exchange. Proceeds used to pay management fees will be kept minimal. No fees will be paid in association with the offering and closing is subject to final approval of the TSX Venture Exchange. The Company will issue a news release upon closing, anticipated to be on or about May 10th, 2015 that will include all final details of the placement.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil, President, CEO
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.
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.
Follow Tajiri Resources On:
Facebook: http://www.facebook.com/TajiriResources
Twitter: http://twitter.com/tajiriresources
Contact Information:
Graham Keevil
President, CEO
604-642-0115 or Toll Free 866-345-0115
604-642-0116 (FAX)
graham@tajiricorp.com