Tajiri Resources Corp.

Tajiri Resources Corp.

June 22, 2015 11:45 ET

Tajiri Resources Corp. Update to Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 22, 2015) - Tajiri Resources Corp. (the "Company") (TSX VENTURE:TAJ) is providing an update to April 27th, 2015 announcement of a non-brokered private placement. Initial funds for the placement have been received by the Company in the amount of CDN$130,000 and may increase up to the pre-approved amount of CDN$150,000. The Company also confirms that the offering has been conditionally accepted for closing by the TSX Venture Exchange, subject to the completion of certain requirements as set out by the Exchange, in order to ensure all shareholders are fairly represented in lieu of pricing exemptions relied upon to conduct the offer. To summarize the offering was priced at $0.015 per unit with each unit consisting of a share and purchase warrant priced at $0.05 for a 12 month period from closing.

Specifically in regard to the requirements for closing of the placement - where the offering will result in the creation of a new control person (an individual controlling more than 30% of voting rights) - require that said person will file to the satisfaction of the review by the exchange a Personal Information Form (PIF Form 2A) prior to final closing. Also it may be required that the Company seeks final shareholder approval for the Transaction by way of majority minority voting of existing shareholders as at the date the conditional acceptance of the exchange for the aforementioned reason. It is expected this will be the case and management will endeavour to meet the requirement as soon as is reasonably practical and will issue a follow up announcement at such time.

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.

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Contact Information

  • Tajiri Resources Corp.
    Graham Keevil
    President, CEO
    604-642-0115 or Toll Free 866-345-0115
    604-642-0116 (FAX)