Tajiri Resources (TSX-V:TAJ) has closed its previously announced non-brokered private placement, comprising 9,541,524 units issued at $0.21 per unit and resulting in aggregate gross proceeds of around C$2 million ($2.04 million).
Each unit in the placement consists of one common share and one-half of a common share purchase warrant, exercisable at $0.40 per common share until 1 November 2027.
The company paid around C$39,223 to eligible finders for introducing purchasers to the offering.
Tajiri notes that net proceeds will be used for exploration and development, future acquisitions, and general working capital. The offering remains subject to final acceptance by the TSX Venture Exchange and all regulatory approvals.
The securities related to the offering are subject to a statutory hold period of four months and one day from the date of closing.
Tajiri Resources is a gold exploration and development company with exploration assets in the emerging premier gold jurisdiction of Guyana, South America.
Write to Amy Rotman at Mining.com.au
Images: Tajiri Resources
