The TSXV Provides Final Acceptance for Warrant Terms Extension

Rhea-AI Summary

Tarku Resources Ltd (OTCQB: TRKUF) announced that the TSX Venture Exchange accepted the extension of 12,500,000 warrants issued in a private placement on October 30, 2020. These warrants will now expire on May 1, 2024, with an exercise price of $0.15 each. Tarku focuses on mining exploration in favorable jurisdictions like Quebec and Arizona, planning significant drill programs on its Silver Strike and Three A's projects. This extension provides investors additional time to exercise their warrants amidst ongoing exploration efforts.

Positive

• Warrant extension enables investors more time to exercise at a price of $0.15, potentially supporting share price.
• Active exploration plans in Arizona and Quebec, including 5,000-meter and 3,000-meter drilling programs, may lead to new discoveries.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / September 30, 2022 / Tarku Resources Ltd (TSXV:TKU)(FRA:7TK)(OTCQB:TRKUF) (the "Company" or "Tarku") is pleased to announce that the TSX Venture Exchange (the "TSXV") has provided final acceptance on September 29, 2022 regarding the extension of 12,500,00 warrants issued pursuant to a private placement closed on October 30, 2020 (the "Warrants"). The Warrants will set to expire on May 1, 2024 with an exercise price of $0.15 per Warrant.

About Tarku Resources Ltd. (TSX.V:TKU - FRA:7TK - OTCBQ:TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km² Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the "Three A's" exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,
President and CEO
Tarku Contact Information:
Email: investors@tarkuresources.com
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Neither 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 release.

SOURCE: Tarku Resources ltd.

View source version on accesswire.com:
https://www.accesswire.com/718380/The-TSXV-Provides-Final-Acceptance-for-Warrant-Terms-Extension

FAQ

What is the significance of the warrant extension for TRKUF investors?

The warrant extension gives TRKUF investors until May 1, 2024, to exercise their warrants at $0.15, providing potential financial flexibility.

What projects is Tarku Resources currently exploring?

Tarku Resources is exploring the Silver Strike Project in Arizona and the Apollo, Admiral, and Atlas Projects in Quebec.

When do the extended warrants for Tarku Resources expire?

The extended warrants will expire on May 1, 2024.

What are the exercise prices for the warrants extended by Tarku Resources?

The exercise price for the extended warrants is $0.15 each.

What is Tarku Resources' focus in the mining industry?

Tarku Resources focuses on exploration for mineral discoveries in favorable mining jurisdictions such as Quebec and Arizona.