TANTALEX Resources Corporation
CSE : TTX
CSE : TTX.CN
FRANKFURT : 1T0

TANTALEX Resources Corporation

June 06, 2017 18:43 ET

TANTALEX Resources Corporation Announces Closing of a Non-Brokered Private Placement of $300,000

TORONTO, ONTARIO and MUNICH, GERMANY--(Marketwired - June 6, 2017) - TANTALEX Resources Corporation (CSE:TTX)(CSE:TTX.CN)(FRANKFURT:1T0) ("TANTALEX" or the "Corporation"), announces that it has completed a non-brokered private placement financing (the "Offering") raising gross proceeds of $300,000 through the issuance to an accredited investor, of a convertible debenture of principal amount of $300,000 bearing interest of 10% per annum and having an expiry date that is three months following its issuance. No finder's fee was paid by the Corporation in connection with the Offering.

All underlying securities to be issued pursuant to the Offering are subject to a four-month statutory hold period in Canada.

About TANTALEX Resources Corporation

TANTALEX is a mining company engaged in the acquisition, exploration, development and distribution of Tantalum and other high-tech mineral properties in Africa. The Corporation is listed on the Canadian Stock Exchange (symbol: TTX) and the Frankfurt Stock Exchange (symbol: 1T0).

Cautionary Note Regarding Forward Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although TANTALEX believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, TANTALEX disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

For further information, please visit us at: WWW.TANTALEX.CA

Contact Information

  • TANTALEX Resources Corporation
    Dave Gagnon
    Chief Executive Officer
    +1 647 963-7476
    dg@tantalex.ca