Business
Taranis Resources Inc. announces Flow-Through Private Placement with the MineralFields Group
LAKEWOOD, CO, April 25 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V: TRO) is pleased to anno...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, April 25 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:\nTRO) is pleased to announce that it has negotiated, subject to regulatory\nacceptance, a $750,000 private placement with the MineralFields Group, with\nFirst Canadian Securities(R) to have the right to raise a further $750,000\n(less any amounts Taranis sources directly). This private placement will\nconsist of the sale of flow-through units at a price of $0.46 per unit, each\nunit to consist of one flow-through common share and one-half (1/2) of a share\npurchase warrant, with each whole warrant to entitle the holder to purchase\none ordinary common share for a period of 2 years from closing, at a price of\n$0.75 per share during the first year, and at a price of $1.00 during the\nsecond year. The proceeds from this private placement will be used to fund\nexploration at the Thor Project in southeastern British Columbia.\n\n\nAbout MineralFields, Pathway and First Canadian Securities(R)\n\n\nMineralFields Group (a division of Pathway Asset Management) is a\nToronto- and Vancouver-based mining fund with significant assets under\nadministration that offers its tax-advantaged super flow-through limited\npartnerships to investors throughout Canada during most of the calendar year,\nas well as hard-dollar resource limited partnerships to investors throughout\nthe world. Pathway Asset Management also specializes in the manufacturing and\ndistribution of structured products and mutual funds. Information about\nMineralFields Group is available at www.mineralfields.com First Canadian\nSecurities (R) is active in leading resource financings (both flow-through and\nhard dollar PIPE financings) on competitive, effective and service-friendly\nterms, with investors both within, and outside of, MineralFields Group.\n\n\nJohn Gardiner, President and CEO of Taranis, states "We are very pleased\nto be commencing our relationship with the MineralFields Group. This is an\nimportant milestone in the growth of Taranis, and we look forward to working\nwith the MineralFields Group as we develop our holdings at our Thor Project."\n\n\nTaranis also announces that it will not be proceeding with the proposed\nbrokered private placement of flow-through units and equity units originally\nannounced on April 7, 2008.\n\n\nAbout Taranis Resources Inc.\n\n\nTar...