VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 5, 2014) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that the Company has increased its previously announced private placement to 9 million units at $0.05 cents to raise $450,000. The offering is fully subscribed and will be closed 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 $0.10 for a period of three years. More than half of the placement has been subscribed by existing shareholders which allows them to maintain their ownership position in the Company.
Marc Blythe, President & CEO, commented that, "While we are keen to limit dilution, there are a few projects that we are also keen to acquire and the additional funds will assist with that. We have also had certain third parties reviewing our Mexican and Yukon projects and we are working towards finding partners for these projects."
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.