VANCOUVER, BC, Oct. 4, 2023
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ)
reports that it not proceed with the second tranche of a
non-brokered private placement originally announced June 27th, 2023. Details of the
closing of the first and only tranche of the placement were
provided in news dated August
15th, 2023.
The Company will now arrange a non-brokered private placement of
shares priced at $0.02 per share of
up to $100,000. Proceeds will be used
for general working capital purposes. As the placement will also
rely on the TSX Venture Exchanges "Minimum Pricing Exemption" part
of Policy 1.1l and for further clarity proceeds raised through the
offering will go toward ongoing administrative expenses of the
Company. These may include but not be limited to maintenance of the
Company's Transfer Agent, approved newswire services provider,
SEDAR filing agents, and other required corporate activities as
they become necessary under Exchange Policy 2.5 "Continued Listing
Requirements". Fee's may be paid on a portion of the offering,
insiders may subscribe for a portion of the offering. No more than
10% of proceeds will go toward Invest Relations activities or other
any specific use and no proceeds will be paid used to service debt
owed to any of the placees. Some Non-Arm's Length parties will
receive payments based on consulting work provided in the form of
management services and administration of Company affairs.
Closing will require the approval of the TSX Venture Exchange,
and all shares issued will be subject to the mandatory four month
and one day hold period before legend removal.
On Behalf of the Board,
Tajiri Resources Corp.
Graham
Keevil,
President & CEO
About Tajiri
Tajiri Resources Corp. is a junior gold exploration and
development Company with exploration assets located in two of the
worlds least explored and highly prospective greenstone belts of
Burkina Faso, West Africa and Guyana, South
America. Lead by a team of industry professionals with a
combined 100 plus years' experience the Company continues to
generate shareholder value through exploration.
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.
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.
SOURCE Tajiri Resources Corp.