Talisker Resources (TSK-Cse) Upsize Bought Dealt PP to $23 Million
June 22, '20 - NR
Talisker Resources is pleased to announce that further to its earlier press release, the Company has agreed with Sprott Capital Partners LP and PI Financial Corp. (“PI Financial”) as co-lead underwriters and co-bookrunners (collectively the “Underwriters”), to increase the size of the bought deal private placement due to the high level of interest. The Company will now issue 28,260,870 units (the “Units”), priced at $0.46 per Unit ($13,000,000) and 15,625,000 charity flow-through share units (the “Charity FT Units”), priced at $0.64 per Charity FT Unit ($10,000,000) for total gross proceeds of $23,000,000 (the “Upsized Offering”). The Charity FT Units will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada). Each Unit and Charity FT Unit (the “Offered Securities”) will be comprised of one common share of the Corporation and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one common share at an exercise price of $0.70 for a period of 12 months from the date of issuance thereof.
The Upsized Offering is expected to close on or about August 13, 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.
About Talisker Resources Ltd.
Talisker ( taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include the Bralorne Gold Complex, an advanced stage project with significant exploration potential from a historical high-grade producing gold mine as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early stage Greenfields projects. With its properties comprising 291,339 hectares over 322 claims, six leases and 181 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.
For further information, please contact:
Terry Harbort, President & CEO
terry.harbort@taliskerresources.com
+1 416 361 2808
Jason Kosec, Director Corporate Development
jason.kosec@taliskerresources.com
+1 250 552 7424 |
