Tarku Closes $740,000 Private Placement Financing and Will Start Drilling on Apollo, Quebec

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[{"type":"text","content":"Tarku Closes $740,000 Private Placement Financing and Will Start Drilling on Apollo, QuebecMONTREAL, QC / ACCESSWIRE / September 9, 2022 / Tarku Resources Ltd (TSXV:TKU - FRA:7TK - OTCQB:TRKUF) (the \"Company\" or \"Tarku\") announces that it has closed on September 9, 2022, a non-brokered private placement (the \"Private Placement\") for aggregate gross proceeds of $740,000. This Private Placement is comprised of 7,400,000 Flow-Through Shares of the Company at a price of $0.10 per share.All securities issued pursuant to the Private Placement is legended with a hold period of four (4) months and one day from the date of issuance. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.The Company paid finder's fees in a cash commission equal to 7% of aggregate proceeds from the sale of Units sourced by the finder totaling $44,400, as well as finder's warrants (the \"Finder's Warrants\") in an amount of 434,000 which is equal to 7% of the aggregate number of Units sourced by the finder pursuant to the Private Placement. Each Finder's Warrant is exercisable to purchase one Common Share at an exercise price of $0.15 until September 9, 2024.The net proceeds of the Private Placement will be used to fund the Company's Gold Apollo project in Quebec. The Private Placement has been conditionally accepted by the TSX Venture Exchange on August 24, 2022.About the Apollo projectThe Apollo Project is part of the 100%-owned by Tarku 3As project (Apollo, Atlas, Admiral) and is located adjacent and to the north of its Atlas Project. It consists of 69 claims (3,775 ha) centred on the Rivière Waswanipi ductile shear zone. Last IP survey conducted during last winter, allows Tarku to refine and generate high-priority drill targets, over the priority area of the Rivière Waswanipi Shear Zone, which Tarku interprets as being the east extension the regional Sunday Lake Fault, host of the Detour Lake Gold Mine or the Kirkland Lake Gold Mining Camp.Those high-...

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