Taurus Gold Corp. Announces Completion of Private Placement
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF) has completed its non-brokered private placement, raising $46,000 through the issuance of 920,000 units at $0.05 per unit. Each unit includes one common share and a half warrant, with each whole warrant allowing purchase of one common share at $0.10 for 24 months. The securities have a four-month and one-day hold period. The proceeds will be used for general working capital purposes, with no finder's fees paid and no additional closings planned.
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF) ha completato il suo collocamento privato non intermediato, raccogliendo 46.000 dollari tramite l'emissione di 920.000 unità a 0,05 dollari per unità. Ogni unità include una azione comune e mezza opzione, con ogni opzione intera che consente l'acquisto di un'azione comune a 0,10 dollari per 24 mesi. I titoli hanno un periodo di blocco di quattro mesi e un giorno. I proventi saranno utilizzati per finalità generali di capitale circolante, senza commissioni per intermediari e senza ulteriori chiusure previste.
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF) ha completado su colocación privada no intermediada, recaudando $46,000 a través de la emisión de 920,000 unidades a $0.05 por unidad. Cada unidad incluye una acción común y media opción, con cada opción entera permitiendo la compra de una acción común a $0.10 durante 24 meses. Los valores tienen un período de retención de cuatro meses y un día. Los fondos se utilizarán para propósitos generales de capital de trabajo, sin comisiones a intermediarios y sin cierres adicionales previstos.
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF)는 중개인 없이 비공식 사모를 완료하였으며, $46,000을 모집하고 0.05 달러의 단가로 920,000 단위를 발행하였습니다. 각 단위는 1주식과 반 개의 워런트가 포함되어 있으며, 전체 워런트는 0.10 달러로 24개월 동안 1주식을 구입할 수 있도록 허용합니다. 해당 증권은 4개월 1일의 보유 기간이 있습니다. 수익금은 일반 운영 자본 용도로 사용될 예정이며, 중개 수수료는 없고 추가적인 마감 역시 계획되어 있지 않습니다.
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF) a finalisé son placement privé non intermédiaire, levant 46 000 $ grâce à l'émission de 920 000 unités à 0,05 $ par unité. Chaque unité comprend une action ordinaire et une demi-option, chaque option entière permettant l'achat d'une action ordinaire à 0,10 $ pendant 24 mois. Les titres ont une période de détention de quatre mois et un jour. Les fonds seront utilisés à des fins générales de fonds de roulement, sans frais de recherche payés et sans clôtures supplémentaires prévues.
Taurus Gold Corp (CSE: TAUR) (OTCQB: TARGF) hat seine nicht vermitteln Platzierung abgeschlossen und $46.000 durch die Ausgabe von 920.000 Einheiten zu 0,05 $ pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine halbe Warrant, wobei jede gesamte Warrant den Kauf einer Stammaktie zu 0,10 $ für 24 Monate ermöglicht. Die Wertpapiere unterliegen einer Haltedauer von vier Monaten und einem Tag. Die Erlöse werden für allgemeine Betriebsmittel verwendet, ohne dass Vermittlungsgebühren gezahlt wurden und ohne dass zusätzliche Abschlüsse geplant sind.
- Secured $46,000 in additional working capital through private placement
- Small financing amount of only $46,000 indicates capital raise
- Potential dilution from warrant exercise at $0.10 per share
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Taurus Gold Corp. (CSE: TAUR) (OTCQB: TARGF) ("Taurus" or the "Company") is pleased to announce that, further to its news release of October 2, 2024, it closed its previously announced non-brokered private placement of units (the "Private Placement") on October 9, 2024, issuing 920,000 units (each, a "Unit") at a price of
Each Unit consists of one common share in the capital of the Company (a "Share") and one-half common share purchase warrant of the Company ("Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (a "Warrant Share") for a period of twenty-four (24) months from the date of issuance at an exercise price of
The securities issued pursuant to the Private Placement are subject to a four month and one day hold from the date of issuance.
The funds raised pursuant to the Private Placement shall be for general working capital purposes (general and administrative).
No finder's fees were paid in connection with the Private Placement and the Company does not plan to complete any additional closings.
About Taurus Gold Corp.
Taurus Gold Corp. currently has approx. 37 million shares outstanding and is a mineral exploration company with a focus on gold exploration. Taurus Gold Corp. has a
Frank Lagiglia
President and Chief Executive Officer
info@taurusgold.ca
Taurus Gold Corp. Phone: 604-512-0972
Forward-Looking Information:
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation, including the use of proceeds for the Private Placement. All statements included herein are forward-looking, other than statements of historical fact. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", or "will continue", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Taurus Gold to be materially different from those expressed or implied by such forward-looking information or forward-looking statements. Although Taurus Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The forward-looking statements and forward-looking information are made as of the date hereof and Taurus Gold disclaims, except as required by applicable securities laws, any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228288
FAQ
How much did Taurus Gold Corp (TARGF) raise in its October 2024 private placement?
What are the terms of Taurus Gold Corp's (TARGF) warrants from the October 2024 private placement?
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