Tarachi Gold Corp. announced a non-brokered private placement of up to 22,222,222 units at an issue price of CAD 0.18 per unit for gross proceeds of CAD 4,000,000 on February 15, 2022. The transaction will include participation from Ausenco Engineering Canada Inc. for 11,000,000 units.

Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.30 per share for a period of two years. The company may pay finder's fees of up to 6% in cash and 6% in finder's warrant.

Closing of the transaction is subject to receipt of all necessary approvals including that of the board and the Canadian Securities Exchange. All securities issued are subject hold period of four-months and a day.