(via Thenewswire.ca)
Lakewood, Colorado, September 8, 2011 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces amendments to the $600,000 private placement originally announced June 3, 2011. Due to market conditions, Taranis announces that said private placement will now consist of the sale of up to 3,000,000 units at a price of $0.20 per unit, with each unit to consist of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant to entitle the holder to purchase one additional common share at a price of $0.40 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 exploration on Taranis' mineral properties in Finland, and for working capital purposes.
About Taranis Resources Inc.
Taranis currently has 29,823,260 shares issued and outstanding (39,257,260 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.
Copyright (c) 2011 Thenewswire.ca - All rights reserved.