VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2014) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that the private placement announced on February 25, 2014 to raise $200,000 for exploration work on the La Tejona area of the Yago property has now been fully subscribed and will close shortly.
The financing units are comprised of one common share and one common share purchase warrant which entitles the holder to buy another common share at $0.15 for a period of three years.
As a Prospect Generator, Tarsis works to facilitate the majority of its exploration funding through option partnerships. This work program will be focused on the La Tejona area of the Yago Property and may include further surface sampling, soil sampling, mapping, trenching, additional prospecting, and other test work. A better set of technical geological data will help to attract senior partners to the project.
Marc Blythe, President, CEO & Director commented that "We are pleased to have a strong backing of strategic shareholders that support our ideas and plans to advance Tarsis. 100% of our efforts are going to advancing our projects as quickly as possible to add value for those shareholders."
Annual General Meeting Results
Tarsis also held its Annual General Meeting this morning and the current Directors were re-elected including Mr. Marc G. Blythe, Mr. Craig Lindsay and Mr. Adrian Flemming. Mr. Mark Brown, the Company's CFO and a significant shareholder of Tarsis, was also elected to the Board by the shareholders.
About Tarsis Resources
Tarsis is an exploration company following the prospect generator business model. The Company acquires prospective exploration projects by acquisition or through its own grass roots generative exploration, adds value and then vends or options out projects to partners for advancement.
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.