Net Proceeds from the Offering will be used to fund exploration of the Company's gold, silver and base metals projects in North-Central PerÚ, and for working capital purposes. The planned exploration work will include preparation for diamond drilling at La Victoria, the Company's wholly owned flagship project located in northern
A finder's fee equal to a cash commission of 8% of the aggregate gross proceeds from the Units sold, plus finder's warrants equal to 8% of the aggregate number of Units sold, will compensate finders appointed by the Company to source subscriptions. All securities issued by the Offering will be subject to a hold period of four months plus one day from the date of issue. The Offering is subject to regulatory approval.
The Company is also pleased to report that it has acquired an additional mineral concession known as "Rufina". The Rufina concession is 100 ha in size and is located adjacent and to the western boundary of the Company's existing
Tartisan common shares are listed on the Canadian Securities Exchange (CSE). Currently, there are 30,445,525 shares outstanding (36,140,525 fully diluted).
For further information, please contact Mr.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
Completion of the Private Placement is subject to a number of conditions, including but not limited to the satisfaction of the CSE. There can be no assurance that the Private Placement will be completed as proposed or at all.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by
Not for distribution to U.S. news wire services or dissemination in the U.S.
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