Tarsis Resources Ltd. (TSXV: TCC) (“Tarsis” and “the Company”) is pleased to announce that the Company has closed the $450,000 financing as previously announced. The financing was comprised of 9 million units.
Marc Blythe, President & CEO, commented that “We were very pleased with the support shown from our existing shareholders and a few new strategic shareholders. The Company has been very active in engaging potential partners and looking at strategic mergers or acquisitions and this process is ongoing.”
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 $0.10 for a period of three years ending September 11, 2017. The Company has paid total finder’s fee of $9,600 and issued 268,800 finder’s warrants to Sprott Global Resource Investments Ltd., Dundee Securities Ltd. and Redplug Capital Corp. The finder’s warrants are exercisable to purchase one common share for a period of one year at an exercise price of $0.05. The securities issued are subject to a four-month hold period, expiring on January 11, 2015. Insiders participated in the offering for a total of 2,070,000 Units.
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Tarsis Resources Ltd. Email: [email protected] |
Mark T. Brown, C.A. Website: www.tarsis.ca |
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.
