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Talisker Announces Upsize of Bought Deal Private Placement for Gross Proceeds of $52 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 as a result of strong investor demand, the Company and Red Cloud Securities Inc. ("Red Cloud") have agreed to increase the size of its previously announced "bought deal" private placement (the "Underwritten Offering") from gross proceeds of C$40,000,000 to gross proceeds of $52,000,000. Pursuant to the upsized Underwritten Offering, Red Cloud, as lead underwriter and sole bookrunner on behalf of itself and A.G.P. Canada Investments ULC, the other member of the syndicate (collectively, the "Underwriters"), has agreed to purchase for resale 26,000,000 units of the Company (the "Units") at a price of $2.00 per Unit (the "Offering Price"). All amounts are in Canadian dollars unless otherwise noted.","length":940,"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 the date that 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":597,"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 co...