Business
Talisker Announces Closing of Bought Deal Private Placement for Gross Proceeds of $52.1 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STAT...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"Talisker Announces Closing of Bought Deal Private Placement for Gross Proceeds of $52.1 Million\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 10, 2026 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$52,100,000 from the sale of 26,000,000 units of the Company (the “Units”) at a price of $2.00 per Unit (the “Offering Price”) and a partial exercise of the over-allotment option (the “Over Allotment Option”) for 625,000 common share purchase warrants of the Company (each, a “Warrant”). Red Cloud Securities Inc. (“Red Cloud”) acted as lead underwriter and sole bookrunner on behalf of itself and A.G.P. Canada Investments ULC, the other member of the syndicate (collectively with Red Cloud, the “Underwriters”). All amounts are in Canadian dollars unless otherwise noted. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Warrant. Each whole Warrant entitles the holder to purchase one Common Share at a price of $2.70 at any time on or before March 10, 2028. The Company will use reasonable commercial efforts to list the Warrants for trading on the Toronto Stock Exchange (the “TSX”). 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. In accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), 5,071,431 Units were issued to Canadian purchasers pursuant to the “listed issuer financing” exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The remaining Units sold under the Offering were issued (i) on a private placement basis pursuant to exemption from the prospects requireme...