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Lakewood, Colorado, December 17, 2012 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces a $50,050 private placement, to consist of the sale of 455,000 units at a price of $0.11 per unit, each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of $0.15 for a period of two years from closing. The proceeds from this private placement, which is subject to regulatory acceptance, will be used for working capital purposes.
Taranis currently has 35,419,989 shares issued and outstanding (41,893,324 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per:John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
------------------------------------------------------------- |John Gardiner 14247 West |George Kent Suite 1406, 130 | |Iliff Avenue Lakewood, |Carlton Street Toronto, Ontario| |Colorado Phone: (303) |Phone: (416) 323-0783 Cell: | |716-5922 Cell: (720) |(416) 697-0783 | |209-3049 |georgerkent@sympatico.ca | |johnjgardiner@earthlink.net| | -------------------------------------------------------------
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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