Business
Talisker Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $7.0 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STA...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"Talisker Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $7.0 Million\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES\n \n OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, April 17, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“\n \n Talisker\n \n ” or the “\n \n Company\n \n ”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that as a result of strong investor demand, the Company has increased the maximum gross proceeds of its previously announced “best-efforts” private placement (the “\n \n Offering\n \n ”) from C$6,500,000 to C$7,000,000. The revised Offering is comprised of the sale of up to 14,000,000 units of the Company (the “\n \n Units\n \n ”) at a price of $0.50 per Unit (the “\n \n Offering Price\n \n ”). All amounts are in Canadian dollars unless otherwise noted. Under the Offering, Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”) is acting as lead agent and sole bookrunner.\n \n\n Each Unit will consist of one common share of the Company (each, a “\n \n Common Share\n \n ”) and one-half of one common share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 36 months after the Closing Date (as defined below).\n \n\n Red Cloud will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to sell up to an additional 2,000,000 Units at the Offering Price for up to an additional C$1,000,000 in gross proceeds.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“\n \n NI 45-106\n \n ”), up to 11,320,000 Units that may be sold under the Offering (the “\n \n LIFE Units\n \n ”) will be offered for sale to purchasers in all of the provinces of Canada, other than Québec (the “\n \n Canadian Selling Jurisdictions\n \n ”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Common Shares and Warrant Shares underlying the LIFE Units are expected to be immediately freely tradeable under applicable Canadi...