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Taranis Resources ( (TSE:TRO) ) has issued an update.
Taranis Resources Inc. has announced a non-brokered private placement offering, aiming to sell up to 3,000,000 units at $0.18 per unit. The proceeds will be utilized for further exploration at the Thor property and for working capital. The offering is subject to TSX Venture Exchange acceptance, and insiders may participate, constituting a related party transaction under TSX-V Policy 5.9. The securities will be subject to a hold period in Canada, and the participation of insiders is exempt from certain valuation and approval requirements.
More about Taranis Resources
Taranis Resources Inc. operates in the mining industry, focusing on exploration activities. The company is primarily engaged in the exploration and development of mineral properties, with a significant focus on its Thor property located in southeastern British Columbia.
Average Trading Volume: 7,761
Technical Sentiment Signal: Hold
Current Market Cap: C$18.06M
See more insights into TRO stock on TipRanks’ Stock Analysis page.