Taranis Resources Inc. announces Closing of a $750,000 Flow-Through Private Placement

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[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, June 27 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:\nTRO) is pleased to announce the closing of a non-brokered private placement of\n$750,000 through the sale of 1,630,435 flow-through units ("FT Units") at\n$0.46 each, as originally contemplated in Taranis's April 25, 2008 News\nRelease. Each FT Unit consisted of one flow-through common share and one-half\n(1/2) of a share purchase warrant, with each whole warrant entitling the\nholder to purchase one common share at a price of $0.75 until June 25, 2009,\nand thereafter at a price of $1.00 until June 25, 2010. The proceeds from this\nprivate placement will be used to fund exploration at Taranis's Thor Project\nin southeastern British Columbia.\n\n\nIn connection with this closing, Taranis has issued finder's options,\nentitling the holders to purchase up to 78,141 units at a price of $0.46 each\nuntil June 25, 2010, each unit to consist of one common share and one-half\n(1/2) of a share purchase warrant, with each whole warrant to entitle the\nholder to purchase one common share at a price of $0.75 until June 25, 2009,\nand thereafter at a price of $1.00 until June 25, 2010.\n\n\nAll of the securities issued in connection with the closing of this\nprivate placement, including the securities issued in payment of the finder's\nfees, are subject to a hold period in Canada until October 26, 2008.\n\n\nAbout Taranis Resources Inc.\n\n\nTaranis currently has 18,107,875 shares issued and outstanding\n(21,710,084 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":1837,"tagName":"div"}]

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