Business
Talisker Closes $8 Million Brokered Private Placement
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 Closes $8 Million Brokered Private Placement\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, May 05, 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 it has closed the previously announced “best-efforts” private placement (the “\n \n Offering\n \n ”) for total gross proceeds of $8.0 million, which includes the exercise in full of the over-allotment option. In connection with the Offering, the Company issued an aggregate of 16,000,000 units (the “\n \n Units\n \n ”) at a price of $0.50 per Unit. Red Cloud Securities Inc. acted as sole agent and bookrunner in connection with the Offering.\n \n\n Each Unit consists 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 entitles the holder thereof to acquire one Common Share at an exercise price of $0.75 until May 5, 2028.\n \n\n The Company has received conditional approval from the Toronto Stock Exchange (“\n \n TSX\n \n ”) for the listing of 7,910,000 Warrants issued under the Offering which are freely tradeable. Listing of such Warrants remains subject to the final approval of the TSX, and will be announced by the Company prior to listing. The remaining 90,000 Warrants issued under the Offering are subject to a four month hold period, and the Company intends to apply for the listing of such Warrants upon expiry of the hold period.\n \n\n 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.\n \n\n 8,672,000 Units under the Offering were issued pursuant to the listed issuer financing exemption (the “\n \n Listed Issuer Financing Exemption\n \n ”) under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n , and the balance of the Units were issued on a private placement basis pursuant to exemptions from the prospectus requirements in Canada ...