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Tajiri to Raise $2,000,000 for Reo Gold Project, Burkina Faso
Tajiri to Raise $2,000,000 for Reo Gold Project, Burkina Faso Canada NewsWire VA...
About this update from Tajiri Resources Corp.
[{"type":"text","content":"\n\n\n\nTajiri to Raise $2,000,000 for Reo Gold Project, Burkina Faso\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 19, 2018\n\n\n\nVANCOUVER, June 19, 2018 /CNW/ - Tajiri Resources Corp. (the \"Company\") (TSX VENTURE: TAJ) reports that subject to TSX Venture Exchange approval it will raise by way of non-brokered private placement up to CDN$2,000,000 by issuing 14,285,714 units at a price of $0.14 per unit. Each will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at CDN$0.25 for a period of 36 months from the closing date; provided that in the event the closing price of the Issuer's common shares on the Exchange is equal to greater than $0.50 per share for ten consecutive trading days at any time following four months after the date of Closing, the Issuer may, by notice to the Warrant holders (which notice may be by way of general news release), reduce the remaining exercise period of the Warrants to not less than 30 days following the date of such notice.\n\n\n \n \n\n \nThe certificates representing the Warrants will, among other things, include provisions for the appropriate adjustment in the class, number and price of the Warrant Shares issued on exercise of the Warrants upon the occurrence of certain events, including any subsequent subdivision, consolidation or reclassification of the Issuer's common shares, the payment of stock dividends and the amalgamation of the Issuer.4\n\nWarrants may not be exercised if to do so would cause the Subscriber to become a control person of the Issuer (holding 20% or more of the outstanding voting Shares of the Issuer), until the shareholders of the Issuer approve of such change of control at a duly called meeting of shareholders; and the Warrant certificates will contain language to such effect. Fee's may be paid on portions of the offering in the amount of 8% or as individually negotiated between the placing agent and the Company. \n\nThe funds raised through the placement will be u...