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Tantalex Resources Corporation Closes Private Placement of $500,000
Toronto, Ontario - TheNewswire - February 1, 2022 – TANTALEX Resources Corporation (CSE:TTX) (CNSX:TTX.CN) (FSE:1T0) (“Tantalex” or the “Corporation”), is pleas
About this update from Tantalex Lithium Resources Corp
[{"type":"text","content":"Toronto, Ontario - TheNewswire - February 1, 2022 – TANTALEX Resources Corporation (CSE:TTX) (CNSX:TTX.CN) (FSE:1T0) (“Tantalex” or the “Corporation”), is pleased to announce that it has closed a non-brokered private placement for gross proceeds of $500,000 (the “Offering”). The Offering consists of units (each a \"Unit\" and collectively, the \"Units\") and each Unit is comprised of (i) one (1) common share in the capital of the Corporation at a price of $0.10 (hereinafter a \"Share\" and collectively, the \"Shares\"), and (ii) one half (1/2) transferable common share purchase warrant (each, a \"Warrant\" and collectively, the \"Warrants\"). Each whole Warrant shall entitle the holder thereof to acquire one (1) additional Share (each a \"Warrant Share\") in the capital of the Corporation at a price of $0.15 per Warrant Share until the date that is twelve (12) months from the Closing Date, being January 30th, 2022. The gross proceeds from the Offering will be used by the Company for general working capital purposes. All securities issued pursuant to the Offering will be legended with a hold period of four (4) months and one day from the date of issuance. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. About TANTALEX Resources Corporation TANTALEX is a mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. The Company is listed on the Canadian Stock Exchange (symbol: TTX) and the Frankfurt Stock Exchange (symbol: 1T0). Cautionary Note Regarding Forward Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a var...