Business
Talisker Announces Bought Deal Private Placement for Gross Proceeds of $40.0 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESS Newswire / February 26, 2026 / Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK)(OTCQX:TSKFF) is pleased to announce ...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":98,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / February 26, 2026 / Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK)(OTCQX:TSKFF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud") pursuant to which Red Cloud, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), has agreed to purchase for resale 20,000,000 units of the Company (the "Units") at a price of $2.00 per Unit (the "Offering Price") on a "bought deal" basis in a private placement for gross proceeds of $40,000,000 (the "Underwritten Offering"). All amounts are in Canadian dollars unless otherwise noted.","length":765,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of $2.70 at any time on or before that date which is 24 months after the Closing Date (as defined below). The Company will use reasonable commercial efforts to list the Warrants for trading on the Toronto Stock Exchange (the "TSX") after the Closing Date, provided the Offering (as defined below) meets the minimum required distribution.","length":599,"tagName":"p"},{"type":"text","content":"The Company has granted to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 3,000,000 Units at the Offering Price for additional gross proceeds of up to $6,000,000 (the "Over-Allotment Option"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the "Offering".","length":440,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering for the continued advancement of the Company's flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital.","length":227,"ta...