VANCOUVER, June 28, 2019 /CNW/ - Tajiri Resources Corp. (the "Company") (TSX VENTURE: TAJ) is pleased to report that subject to regulatory approval it plans to raise up to CDN$300,000 by way of non-brokered private placement.
The placement will see the Company issue up to 4,615,385 units at a price of $0.065 per; each unit will consist of one common share, and one half of one common share purchase warrant. Each whole warrant will provide the holder with the right to purchase an additional common share at a price of $0.17 for two years from the closing date.
Funds from the offering will be used to meet the Company's payment obligations across its existing exploration portfolio, new project acquisitions and for general working capital. Insiders may participate in the offering and fees may be paid on a portion of the units placed.
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.
SOURCE Tajiri Resources Corp.
For further information: Tajiri Resources Corp., Graham Keevil, President, CEO, 604-642-0115 or Toll Free 866-345-0115, 604-642-0116 (FAX), [email protected]