Business
Talisker Closes Non-Brokered Private Placement for Gross Proceeds of Approximately $14 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED ...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"Talisker Closes Non-Brokered Private Placement for Gross Proceeds of Approximately $14 Million\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, June 06, 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 non-brokered private placement (the “\n \n Offering\n \n ”) for total gross proceeds of approximately $14 million. In connection with the Offering, the Company issued an aggregate of 27,913,000 units (the “\n \n Units\n \n ”) at a price of $0.50 per Unit. Red Cloud Securities Inc. acted as a finder 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 the 13,956,500 Warrants issued under the Offering under the symbol “TSK.WT”. Listing of such Warrants remains subject to the final approval of the TSX and will be announced by the Company prior to listing.\n \n\n FMI Securities Inc. (“\n \n FMI\n \n ”) acted as a special advisor on this Offering and the Company’s previous financing that closed on May 5, 2025 facilitating efforts to list the Warrants. FMI is an Exempt Market Dealer and a subsidiary of the FMI Capital Partners Group which operates in Canada, the US (through FINRA dealer FM Global Partners), and globally through its affiliated partners.\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 24,613,000 Units under the Offering were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemp...