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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15517)	3/4/2016 3:24:53 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

TMR-T new 52 week high, $8.80

To: Goose94 who wrote (15517)	3/11/2016 2:34:57 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

TMAC Resources (TMR-T) March 11, '16 is completing a private placement of up to 827,206 flow-through common shares of TMAC at a price of $10.88 per Flow-Through Common Share for gross proceeds of up to $9,000,000. The gross proceeds from the sale of the Flow-Through Common Shares will be used for expenditures which qualify as Canadian exploration expenses ("CEE") (within the meaning of the Income Tax Act (Canada)) for diamond drilling on the Company's highly prospective Naartok/Madrid North deposit area eight kilometres south of Doris Mine, as well as for completing the airborne geophysical surveys of both the Hope Bay and Elu greenstone belts that were initiated in 2015. The diamond drill program is designed to de-risk and potentially add high grade gold mineral resources to the current Madrid inventory, the next mining area the Company anticipates it will develop, whereas the geophysical surveys will continue to advance TMAC's understanding of the Hope Bay region for longer range strategic exploration targeting purposes. The Company will renounce such CEE with an effective date of no later than December 31, 2016. Closing of the Offering is anticipated to occur on or around March 21, 2016 and is subject to certain conditions including, but not limited to, the receipt of all applicable regulatory approvals including approval of the Toronto Stock Exchange. Dr. Catharine Farrow, Chief Executive Officer of TMAC, stated, "Given the prospectivity of the ground between Doris and Madrid North and Madrid North itself, we have identified several strategic opportunities to complete exploration work in 2016 as part of TMAC's business plan to sequentially develop the Hope Bay camp from Doris, through Madrid and Boston. As we have indicated in the past, we will continue to be opportunistic in our approach to all our activities at Hope Bay. Although we are fully-funded to commencement of Doris production, the opportunity arose to raise flow-through funding to further explore these highly prospective areas. This will allow us to maintain our funding cushion for our primary objective of achieving steady state production at Doris within the next year, including receiving, assembling and commissioning the Processing Plant at Doris site, and stockpiling about 110,000 tonnes of high-grade (approximately 15 g/t) ore by the end of 2016." ABOUT TMAC RESOURCES TMAC Resources Inc. holds a 100% interest in the Hope Bay Project located in Nunavut, Canada. TMAC is a fully financed, gold development company. During 2015, TMAC significantly de-risked the Hope Bay Project financially by securing equity and debt financing for gross proceeds of over $365 million providing full funding for the Company to achieve its Path to Production plan, beginning with the Doris Mine, by the end of 2016. The Company has a board of directors with depth of experience and market credibility and an exploration and development team with an extensive track record of developing high grade, profitable underground mines. SOURCE TMAC Resources Inc. TMAC Resources Inc. Catharine Farrow Chief Executive Officer 416-628-0216 Ann Wilkinson Vice President, Investor Relations 416-628-0216 www.tmacresources.com Renmark Financial Communications Inc. Daniel Gordon: dgordon@renmarkfinancial.com Tel: (416) 644-2020 or (514) 939-3989 www.renmarkfinancial.com