Tarsis Resources Ltd.

Tarsis Resources Ltd.

July 07, 2009 12:51 ET

Tarsis Closes $250,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that it has closed the non-brokered private placement of 2.5 million Units at $0.10 per Unit for gross proceeds of $250,000. The financing proceeds will be used for mineral exploration in the Yukon and Mexico, the review of new projects, and general corporate purposes.

Each Unit is comprised of one common share and one non-transferable warrant. Each warrant entitles the holder to purchase one additional common share for a period of 18 months at a price of $0.25 per common share.

Marc G. Blythe, President and CEO, commented that "The offering was well subscribed and included mostly current shareholders who we were happy to include and thank for their continued support. That strong support allowed us to close the offering in a very short time. I will be visiting the Yukon next week to meet with our geological team and to begin the next steps for exploration at two of our Yukon Projects."

About Tarsis Resources

Tarsis is an exploration company following the prospect generator business model, with seven mineral properties in the Yukon, Canada and one in Mexico. The Company acquires prospective base metal projects when base metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

On behalf of the Board,

Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer

This news release was prepared by Company management, which takes full responsibility for content.

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

  • Tarsis Resources Ltd.
    Marc G. Blythe, P.Eng., MBA.
    President and Chief Executive Officer
    (604) 689-7644
    Tarsis Resources Ltd.
    Mark T. Brown, C.A.
    Chief Financial Officer
    (604) 687-3520