(TheNewswire)
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Estes Park, Colorado / TheNewswire / September 20,
2018 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] announces that it has closed the private placement originally
announced on June 5, 2018. The private placement consisted of the sale of the following securities:
-
1,500,000 units at a price of $0.10 per unit, for aggregate subscription proceeds of $150,000, each unit
consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one
additional common share at a price of $0.15 until September 18, 2019; and
-
2,150,000 flow-through units at a price of $0.15 per flow-through unit, for aggregate subscription proceeds of
$322,500, each flow-through unit consisting of one flow-through share and one share purchase warrant, with each warrant
entitling the holder to purchase one additional flow-through share at a price of $0.15 until September 18, 2020.
All other securities issued pursuant to this private placement, including any shares that may be issued pursuant to
the exercise of the share purchase warrants, are subject to a hold period in Canada until January 19, 2019.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project in southeast British
Columbia. Taranis’s mandate is to recognize mineral deposits early in the exploration cycle that can be developed through
intelligent exploration and business alliances. For additional information on Taranis or its Thor project, please visit our website
at www.taranisresources.com.
Taranis currently has 64,113,067 shares issued and outstanding (77,946,733 shares on a fully-diluted
basis).
The securities referred to in this news release have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed
information about the company and management, as well as financial statements.
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
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 NEWS
RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual
results may differ materially from expected results.
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