Business
Talisker Provides Update on the Closing of the Brokered Private Placement and Intention to List Underlying Warrants
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 Provides Update on the Closing of the Brokered Private Placement and Intention to List Underlying Warrants\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 01, 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 provide an update with respect to its previously announced “best-efforts” private placement of units (the “\n \n Offering\n \n ”). As a result of strong investor demand, it is anticipated that the agent’s option will be exercised in full by Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”), who is acting as the sole agent and bookrunner under the Offering. Accordingly, the Company expects to issue up to 16,000,000 units of the Company (the “\n \n Units\n \n ”) at a price of $0.50 per Unit for aggregate gross proceeds of $8,000,000. 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 In addition, the Company has applied to the Toronto Stock Exchange (“\n \n TSX\n \n ”) for the listing of the Warrants to be issued under the Offering. To facilitate the electronic settlement and clearing of the securities to be issued under the Offering, including in connection with the listing of the Warrants, Talisker anticipates the Offering will be completed on or about May 5, 2025 (the “\n \n Closing Date\n \n ”).\n \n\n For further details, please see the offering document dated April 17, 2025 (the “\n \n Offering Document\n \n ”) related to the Offering that can be accessed under the Company’s profile on SEDAR+ at\n \n www.sedarplus.ca\n \n and on the Company’s website at\n \n https://taliskerresources.com\n \n .\n \n\n This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities...