Taurus Gold Corp Announces Private Placement
Taurus Gold Corp. (CSE: TAUR) (OTC: TARGF) has announced a non-brokered private placement offering of up to 3,000,000 units at $0.05 per unit, aiming to raise gross proceeds of up to $150,000.
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Rhea-AI Summary
Taurus Gold Corp. (CSE: TAUR) (OTC: TARGF) has announced a non-brokered private placement offering of up to 3,000,000 units at $0.05 per unit, aiming to raise gross proceeds of up to $150,000. Each unit comprises one common share and one-half of a share purchase warrant. Whole warrants allow holders to acquire an additional common share at $0.10 within 24 months of issuance.
The funds will be used for general working capital. The company may pay finder's fees to eligible persons, subject to applicable regulations. The private placement requires exchange approval, and all securities issued will have a four-month and one-day regulatory hold period from the closing date.
Positive
- Potential to raise up to $150,000 in gross proceeds
- Inclusion of warrants in the offering, providing potential for additional capital at $0.10 per share
Negative
- Potential dilution of existing shareholders' ownership
- Low offering price of $0.05 per unit may indicate weak market perception or financial position
Details
News Market Reaction – TARGF
The recorded move for TARGF in the trading session of this news was +16.40%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Taurus Gold Corp. (CSE: TAUR) (OTC: TARGF) ("Taurus" or the "Company ") announces a non-brokered private placement offering of up to 3,000,000 units ("Units") at a price of
The funds raised from the offering will be for general working capital (general and administrative purposes).
In conjunction with this financing, the Company may pay a finder's fee to eligible persons in compliance with applicable securities laws and exchange policies. The Private Placement will be subject to exchange approval, and all securities issued in connection with the Private Placement will be subject to a regulatory hold period of four months and one day from the closing of the Private Placement.
About Taurus Gold Corp.
Taurus Gold Corp currently has approximately 37 million shares outstanding and is 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
www.taurusgold.ca
Forward-looking Information:
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. 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/224336
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