Business
Tarachi Gold Corp. Announces C$5 Million Private Placement
VANCOUVER, BC, July 16, 2020 /CNW/ - Tarachi Gold Corp. (CSE: TRG) ("Tarachi" or the "Company") is pleased to announce a non-brokered private placement financin
About this update from Tarachi Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, July 16, 2020 /CNW/ - Tarachi Gold Corp. (CSE: TRG) (\"Tarachi\" or the \"Company\") is pleased to announce a non-brokered private placement financing of up to 12,500,000 units at a price of C$0.40 per unit for gross proceeds of up to C$5,000,000. Each unit is comprised of one common share and one-half warrant. Each full warrant will be exercisable to acquire one common share of Tarachi at an exercise price of C$0.70. The warrants will have an expiry date of two years from the date of issue. The financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. A finder's fee commensurate with regulatory policies may be paid if applicable. Proceeds from the financing will be used for exploration, corporate development and general working capital purposes. About the Tarachi Project Tarachi has an option to acquire 100% of a group of concessions in the Sierra Madre gold belt known as the Tarachi project. The project is approximately 220 kilometres (\"km\") east of the City of Hermosillo, and 300km south of the border between the United States of America and Mexico. The Tarachi projects include the El Jabali past producing gold mine, consisting of 70 hectares located in east Sonora in the Mulatos gold belt. The property is located only 6 km west from Alamos Gold Inc.'s \"Mulatos\" gold-and silver-producing heap-leach mine. Contact Information: For more information and to sign-up to the mailing list, please contact: Martin Bajic, CFO Tel: (604) 551-6770 Email: [email protected] SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain \"Forward–Looking Statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and \"forward–looking information\" under applicable Canadian securities laws. When used in this news release, the words \"anticipate\", \"believe\", \"estimate\", \"expect\", \"target\", \"plan\", \"forecast\", \"may\", \"would\", \"could\", \"schedule\" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the exploration and development of the Project; future mineral exploration, development and product...