Talisker Increases Bought Deal Private Placement To $13 MillToronto, Ontario, January 10, 2020 - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:TSK | OTCQB:TSKFF) is pleased to announce that it has agreed with the syndicate of underwriters led by PI Financial Corp., to increase the size of the bought deal private placement, as previously announced on January 7, 2020. Due to the high level of interest, the underwriters have increased the size of the offering and have exercised their over-allotment option in full. The Company will issue, on a bought deal private placement basis, a total of 15,333,320 common shares (the “Shares”) and 16,161,600 charity flow-through common shares (the “Charity FT Shares”), which the Charity FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada), for total proceeds of $13.1 million (the “Upsized Offering”).
The Upsized Offering is expected to close on or about February 4, 2020, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the CSE.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.