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Tartisan Resources Corp. Seeks to Raise Additional Capital Via Private Placement $TTC.ca

Posted by AGORACOM-JC at 2:24 PM on Monday, November 21st, 2016

Tartisan logo copy

  • Seeking to raise up to $CDN 200,000 via non-brokered private-placement
  • Company intends to issue up to 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

Toronto, Ontario (FSCwire) – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a proposed Private Placement.

Private Placement

Tartisan Resources Corp. is seeking to raise up to $CDN 200,000 via non-brokered private-placement. The Company intends to issue up to 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

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 qualified finders appointed by the Company to source subscriptions.

The net proceeds from this offering will be used for working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 59,169,982 shares outstanding (74,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company’s QP and serves as the GM of Minera Tartisan. Mr. Pigeon can be contacted at +51986651325 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

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 CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan11212016.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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