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Tajiri Resources Corp V.TAJ

Alternate Symbol(s):  TAJIF

Tajiri Resources Corp. is a junior gold exploration and development company with exploration assets located in the greenstone belts of Burkina Faso, West Africa and Guyana, South America. The Company is engaged in the exploration and development of mineral properties. Its Reo Gold Project covers approximately 1,002 square kilometers of a confluence on the prolific Hounde and Boromo greenstone belts that just within Burkina Faso hosts several multimillion-ounce deposits like Karma 3.8Moz, Bissa 6.6Moz, Hounde 4.9Moz and Mana 8.6 Moz. Its Yono Property is situated within 170 meters of substantial NI 43-101 compliant resources held by G2 Goldfields limited and G Mining Ventures.


TSXV:TAJ - Post by User

Bullboard Posts
Post by gold_strikeon Apr 18, 2016 12:21am
96 Views
Post# 24777667

Info from Mar 30 Interim financial statements on Sedar.com

Info from Mar 30 Interim financial statements on Sedar.comI'm sure the data will be strung together, as this text editor always seems to remove my sentence and paragraph breaks for unknown reasons, but hopefully is readable. Still no indication if the final property payment of $28,000 has been made, but I'm assuming it will be followed by an announcement. Balance at May 1, 2015 - Shares 17,364,480 Shares issued for cash private placement @ 0.015 10,000,000 Balance at January 31, 2016 - Shares 27,364,480 Cash and cash equivalents $ 80,225 On November 4th, 2015 the Company closed a non-brokered private placement consisting of 10,000,000 units being placed in the capital of the Company to four subscribers. Each unit was priced at $0.015 per and consisted of one common share and one common share purchase warrant priced at $0.05 and valid for one year from the closing date. No Fees were paid in association with the offering and proceeds will be used to maintain company business as relating to its Guyana assets as well as for general working capital expenditures. Also, if the Kaburi property is ever put into production: Arrowhead will retain a 3% Net Smelter Return (NSR) royalty, of which the Company has the right to buy back the first 1.0% for $1,000,000, the next 1% for $1,500,000, and the remaining balance for $2,000,000.
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