Tarku Closes Private Placement and Announces New Corporate Secretary

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[{"type":"text","content":"Tarku Closes Private Placement and Announces New Corporate SecretaryMONTREAL, QB / ACCESSWIRE / March 3, 2023 / Tarku Resources Ltd (TSXV:TKU | FRA:7TK | OTCQB:TRKUF) (the \"Company\" or \"Tarku\") announces that it has closed today a non-brokered private placement (the \"Private Placement\") for aggregate gross proceeds of $290,500. This Private Placement is comprised of 4,150,000 units (the \"Units\") at a price of $0.07 per Unit. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.12 per share, for a period of 24 months from the date the Units are issued. Insiders of the Company subscribed for 350,000 units.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 news 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 proceeds will be used for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange (\"TSXV\") on March 1st, 2023. The Company will apply for final acceptance of the TSXV.Any participation by insiders in the Private Placement would constitute a \"related party transaction\" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization.New Corporate Secretary nominationMoreover, Tarku is pleased to announce the appointment of Michel Lebeuf Jr. as the Company's new Corporate Secretary, effective March 1, 2023.Michel Lebeuf Jr. is a member ...

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