Some Options and some warrants under waterNo place to go but, higher from here....
VANCOUVER, British Columbia, August 14, 2020 – Tarachi Gold Corp. (CSE: TRG) (FRA: 4RZ) (the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”) issuing a total of 23,718,605 units (the “Units”) at CAD$0.40 per Unit for total gross proceeds of CAD$9,487,442. Each Unit consists of one common share (the “Shares”) and one-half common share purchase warrant (the “Warrants”)
with each full Warrant entitling the holder to purchase one Share of the Company at a price of CAD$0.70 per Share for a period of 24 months from the date of closing of the Private Placement. This must be some of cheap paper that has come trading of late...selling has dried up, should bounce back to mid thirties and forties ahead of more News. VANCOUVER, British Columbia, May 25, 2020 – Tarachi Gold Corp. (CSE: TRG) (the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”) issuing a total of 13,003,664 units (the “Units”) at CAD$0.15 per Unit for total gross proceeds of CAD$1,950,550. Each Unit consists of one common share (the “Shares”) and one common share purchase warrant (the “Warrants”)
with each Warrant entitling the holder to purchase one Share of the Company at a price of CAD$0.25 per Share for a period of 24 months from the date of closing of the Private Placement. High-Grade Exploration and Near-term Cash Flow (cdn-ceo-ca.s3.amazonaws.com) Upcoming Catalysts 2021 to continue to be catalyst driven. Looking forward, Tarachi is positioned to continue building on the foundational work it completed in 2020. Near term catalysts include the receipt of remaining assay results from both Tarachi South and Tarachi North drilling. Additionally, management is completing an auger drilling program to sample the Magistral tailings material for metallurgical testing. Results would ultimately be used to issue a Preliminary Economic Assessment for which the company has engaged Ausenco Engineering. Following the issuance of a positive PEA, the company could then look at commissioning the Magistral plant in 2022. As a result, key upcoming catalysts for the company include: 1. Drill results from ongoing drilling at Tarachi North and South (Q2/2021) 2. Metallurgical testing of the Magistral tailings deposit and a PEA (late H1/2021) 3. Commissioning of the Magistral Tailings Plant (H1/2022) Valuation We are initiating coverage of Tarachi with a BUY (Speculative) rating. Continued exploration success and a positive PEA could drive re-rating. Tarachi is well financed, with multiple catalysts coming in the near term. With potential for a high-grade gold discovery in a premier jurisdiction, backstopped by cashflow from its Magistral Tailings reprocessing plant, we believe Tarachi should trade at a significant premium to peers. Based on comparative peer group valuations (Figure 7),
we estimate that Tarachi’s EV could re-rate by a factor of 5x to 10x on positive news. DYODD