Montreal, QB / Accesswire / March 3, 2023 / Tarku Resources Ltd (TSXV: TKU, FRA: 7TK, OTCQB: TRKUF) (“Company” or “Tarku”) announced today that it has closed an unbrokered private placement (“Private Placement”) totaling $290,500. This private placement consists of 4,150,000 units (“Units”) priced at $0.07 per Unit. Each unit consists of one share of common stock and one share of stock purchase warrants. Each full warrant entitles the holder to one additional share of common stock in the Company’s capital at a price of $0.12 per share for a period of 24 months from the date the unit is issued. Our insiders have subscribed 350,000 units.
All securities issued under private placements are marked with a hold period of four months and one day from the date of issue. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an applicable exemption from registration or registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, and no sale of securities shall be made in any state where such offer, solicitation or sale would be unlawful.
Proceeds are used for general working capital purposes. The private placement was conditionally approved by the TSX Venture Exchange (“TSXV”) on March 1.st, 2023. We will apply for final approval of TSXV.
An insider’s participation in a private placement constitutes a “related party transaction” as defined in Multilateral Document 61-101 Minority Shareholder Protection in Special Transactions (“MI 61-101”). However, the Company believes that such participation is subject to the fair market value of the units underwritten by the insider, or the consideration for the units paid by such insider, subject to formal valuation and minority shareholder approval of MI 61-101. We hope to be exempt from the requirement. Over 25% of our market capitalization.
Appointment of a new corporate secretary
Enter to win $500 in stock or cryptocurrency
Enter your email to receive Benzinga’s ultimate morning update, a free $30 gift card and more!
Additionally, Tarku announces the appointment of Michel Lebeuf Jr. as its new Corporate Secretary, effective March 1, 2023.
Michel Lebeuf Jr. is a member of the Quebec and Canadian Bar Association and a partner in the business legal group of Dunton Rainville in Montreal, Quebec. Mr. Lebeuf has extensive experience in corporate and regulatory compliance, securities law, corporate finance, and merger and acquisition negotiations. He has primarily advised underwriters and issuers in his CSE and his TSXV exchange financing transactions, IPOs, direct offerings of equity, acquisitions, private investments and rights in his offerings. rice field. Michelle’s experience spans multiple sectors including blockchain markets, mining, telecommunications, biotech, cannabis, real estate, structured products, retail and fintech. Mr. Lebeuf is a member of the Canadian Stock Exchange think tank and holds a BA in Political Science and a BA in Civil Law from the University of Montreal.
Correction of granting of stock options
We would like to amend the option expiration dates that we announced in our March 1st press release.st, 2023. If not exercised, it will expire on March 1st.st2028, subject to early expiration in accordance with the Stock Option Plan and applicable policies of the TSX Venture Exchange.
About talc
Tarku Resources Ltd. (TSXV:TKU, FRA:7TK, OTCBQ:TRKUF))) is focused on advancing the development of new discoveries using the latest technology in lucrative mining jurisdictions such as Quebec and Arizona. A mining exploration company.
Within Arizona’s famous Tombstone District, Talc owns 100% of 29 km.2 Silver Strike Project. Silver Strike is a potential similar carbonate replacement deposit (CRD) comparable to the Hermosa project, located 80 km west of Santa Cruz County, Arizona, which South32 acquired for his US$1.8 billion in 2018. It is interpreted by management that there is.
In Quebec, Tarku owns 100%.Three AThe Matagami Greenstone Belt ‘Apollo, Admiral, Atlas Project’ exploration project has been interpreted by the manager as an eastern extension of the circuitous belt following recent successful exploration by Midland Exploration, Wallbridge Mining Company and Probe Metals. it was done. In addition, the company owns the MAX Lithium Project, located 4 km southwest of Sayona Mining’s North American lithium mine.
On behalf of Tarku Resources Ltd
Julian Davy
Representative Director and President
talc contact:
Email: investors@tarkuresources.com
Website: www.tarkuresources.com
Follow @TarkuResources on LinkedIn, Facebook, Twitter, and Instagram.
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results and activities to differ materially from the targeted results and plans. Such risks and uncertainties include those described in Tarku’s periodic reports, including its annual reports, or other documents Tarku files with securities regulators from time to time.
sauce: Talc Resources Limited
View source version on accesswire.com:
https://www.accesswire.com/741991/Tarku-Closes-Private-Placement-and-Announces-New-Corporate-Secretary
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
