Tajiri Resources Corp. announced a non-brokered private placement that it will issue 30,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of up to CAD 1,500,000 on September 23, 2024. Each unit consisting of one common share in the capital of the Company, and one common share purchase warrant.
The warrant will entitle the holder to purchase an additional common share of the Company at a price of CAD 0.10 for a period of three years from the closing date. The warrants will be subject to an acceleration clause that stipulates should the common shares of the Company close at, or above, CAD 0.25 for ten consecutive trading days they will be called for exercise within 30 days of the Company providing notice to holders by way of regular press release or will expire. Fees may be paid on a portion of the offering and all shares issued will be subject to the mandatory four-month and a day hold period.
The transaction is subject to TSX Venture approval.
