Pinnacle Activity Ticker
Tajiri Closes First Tranche of Private Placement
Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to report that is has closed the first tranche of a 12,000,000 unit non-brokered private placement as announced July 27th, 2012 and further amended September 20th, 2012.
The Company issued, in this first tranche, a total of 8,500,000 units for gross proceeds of $425,000 that will be used to further asses the gold potential of the 100% owned Kaburi PL Gold Property, Guyana, South America and for general working capital purposes. It is expected that the second and final tranche will close within the coming weeks as the Company remains committed to its plans of completing a significant first pass scout drill program on the Kaburi PL during the fourth quarter of 2012.
The Company paid finders fees in association with the offering of $28,900 and issued 578,000 broker warrants carrying the same terms as those attached to the units.
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.
On Behalf of the Board, Tajiri Resources Corp.
Follow Tajiri Resources On: Facebook: http://www.facebook.com/TajiriResources Twitter: http://twitter.com/tajiriresources YouTube: http://www.youtube.com/user/tajiriresources Flickr: http://www.flickr.com/photos/tajiriresources/
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.