RE:RE:Exciting Future
Probably the warrants at .05. More cash to work with.
Toronto, Ontario, November 20, 2020 – TANTALEX Resources Corporation (CSE:TTX – FSE:1T0) (“Tantalex” or the “Corporation”), is pleased to announce that it has closed a non-brokered private placement for gross proceeds of $650,000 (the “Offering”). The Corporation issued a total of 65,000,000 units (each a “Unit”) at $0.01 per Unit for total gross proceeds of $650,000. Each Unit consists of one common share in the share capital of the Corporation (a "Common Share") and one common share purchase warrant (each whole common share purchase share a "Warrant") of the Corporation. Each whole Warrant is exercisable to acquire one Common Share of Tantalex at an exercise price of $0.05 for a period of thirty-six (36) months after issuance. The proceeds of the Offering are anticipated to be used to fund exploration and project costs in connection with the advancement of the Corporation's Manono-Kitotolo Lithium Project in the Democratic Republic of Congo (“DRC”) and for general corporate purposes.