Tajiri Resources (TSX-V:TAJ) has launched another non-brokered private placement to raise an additional C$2 million ($2.05 million) for exploration and development costs.
The company will issue 9.52 million units at C$0.21 each, concurrently with its existing private placement that is expected to close on or around 22 April 2026.
As reported by Mining.com.au, Tajiri is also raising C$2.5 million through a non-brokered private placement. The placement was upsized from an initial C$1.5 million due to strong investor interest.
In the second placement, each unit will comprise one share and one-half purchase warrant, with each whole warrant entitling the holder to purchase an additional share at C$0.40 over an 18-month period. These are the same conditions as the existing placement.
This offering is expected to take close on or around the same timeframe as the existing placement.
Proceeds will be used to cover exploration and development costs, future acquisitions, and general working capital.
Tajiri Resources is a gold exploration and development company with exploration assets in Guyana, South America.
Write to Maddison Elliott at Mining.com.au
Images: Tajiri Resources
