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Lakewood, Colorado, September 6, 2012 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces a private placement of up to $200,000, to consist of the sale of up to 1,333,333 units at a price of $0.15 per unit, with each unit to consist of one "flow-through" common share and one-half (1/2) of one share purchase warrant, with each whole warrant to entitle the holder to purchase one common share at a price of $0.30 for a period of one year from closing.
The proceeds from this private placement, which is subject to regulatory acceptance, will be used to finance continued exploration at Taranis's Thor property in southeastern British Columbia.
Taranis currently has 34,786,655 shares issued and outstanding (41,689,823 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per:John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
------------------------------------------------------------ |John Gardiner |George Kent | |14247 West Iliff Avenue |Suite 1406, 130 Carlton Street| |Lakewood, Colorado |Toronto, Ontario | |Phone: (303) 716-5922 |Phone: (416) 323-0783 | |Cell: (720) 209-3049 |Cell: (416) 697-0783 | |johnjgardiner@earthlink.net|georgerkent@sympatico.ca | | | | ------------------------------------------------------------
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.
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