Taranis Engages Kingsdale Capital to Raise $2,000,000 By Way of Private Placement

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[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, April 7 /CNW/ - Taranis Resources Inc. ("Taranis") \n(TSX.V: TRO) has signed an agreement with Kingsdale Capital Markets Inc., of\nToronto, Ontario to raise gross proceeds of up to $2,000,000 through the sale\nof 1,111,112 hard dollar units ("Equity Units") of Taranis and 2,727,272\nflow-through units ("Flow-Through Units"). The proceeds will be used to\nprimarily fund exploration at its Thor Project in Southeastern British\nColumbia, and for general corporate purposes.\n\n\nEach Equity Unit will be priced at $0.45 and will consist of one common\nshare and one-half of one common share purchase warrant. Each full purchase\nwarrant will be priced at $0.55 and will have a 12 month expiry from the date\nof closing. Each Flow-Through Unit will be priced at $0.55 and will consist of\none common share issued on a flow-through basis and one-half of one common\nshare purchase warrant. Each full purchase warrant will be priced at $0.75 and\nwill have a 12 month expiry from the date of closing.\n\n\nJohn Gardiner, President and CEO of Taranis states "We are actively\npreparing for an aggressive core drilling program at Thor that will test a\nnumber of zones outside of the area that Taranis drilled last year and are\nknown to be mineralized. Taranis completed 60 core holes last year on the True\nFissure and Great Northern Zones, and was unable to complete any drilling on\nthe Blue Bell, Broadview or Switchback Zones owing to limited drill\navailability. A much larger summer 2008 drilling program has been permitted\nand Taranis plans to engage at least two drills on the summer program.\nTaranis' drilling has explored less than 30% of the CMU which is known to be\nmineralized for over 1,800 m. Taranis completed a number of geophysical\nsurveys last year that have identified targets well outside of the known areas\nof mineralization, and could enhance the size potential of Thor."\n\n\nAbout Taranis Resources Inc.\n\n\nTaranis currently has 14,847,008 shares issued and outstanding\n\n\n(16,530,376 shares on a fully-diluted basis).\n\n\nTARANIS RESOURCES INC.\n\n\nPer: John J. Gardiner (P. Geol.),\n\n\nPresident and CEO\n\n\nThe TSX has not reviewed and does not accept responsibility for the\n\n\nadequacy or accuracy of this release.\n\n\n","length":2385,"tagName":"div"}]

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