Tarsis Financing Fully Subscribed
February 28 2014 - 3:02PM
Marketwired Canada
Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that the private placement announced on February 25, 2014 to raise
$200,000 for exploration work on the La Tejona area of the Yago property has now
been fully subscribed and will close 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 $0.15
for a period of three years.
As a Prospect Generator, Tarsis works to facilitate the majority of its
exploration funding through option partnerships. This work program will be
focused on the La Tejona area of the Yago Property and may include further
surface sampling, soil sampling, mapping, trenching, additional prospecting, and
other test work. A better set of technical geological data will help to attract
senior partners to the project.
Marc Blythe, President, CEO & Director commented that "We are pleased to have a
strong backing of strategic shareholders that support our ideas and plans to
advance Tarsis. 100% of our efforts are going to advancing our projects as
quickly as possible to add value for those shareholders."
Annual General Meeting Results
Tarsis also held its Annual General Meeting this morning and the current
Directors were re-elected including Mr. Marc G. Blythe, Mr. Craig Lindsay and
Mr. Adrian Flemming. Mr. Mark Brown, the Company's CFO and a significant
shareholder of Tarsis, was also elected to the Board by the shareholders.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tarsis Resources Ltd.
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive Officer
(604) 689-7644
info@tarsis.ca
Tarsis Resources Ltd.
Mark T. Brown, C.A.
Chief Financial Officer
(604) 687-3520
www.tarsis.ca
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