Tartisan Resources Corp. Announces Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. - November 2, 2015) - 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 $CDN 50,000 via non-brokered private-placement. The Company intends to issue 2 million units at CDN $0.025 cents per unit with a full warrant at CDN $0.07 cents, expiring 18 months from date of closing of this offering. The Company anticipates closing the private placement on a fully-subscribed basis.
The Company was granted relief from the minimum price rule of the Canadian Securities Exchange.
The net proceeds from this offering will be used to fund on-going operational activities at La Victoria, the Company's gold, silver and base metals project and for general working capital purposes. Eloro Resources Ltd. has the option to earn up to a 60% interest in the project by funding ongoing exploration costs.
La Victoria Property, Perú
La Victoria, Tartisan's royalty-free flagship project is located in northern Ancash Department, and comprises seven wholly-owned (7) Mining Rights (the "Claims" or the "Concessions") totaling 3442 hectares ("Ha") in size; and Mining Rights pending totaling 600 Ha. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges 3,100 m to 4,200 m above sea level.
La Victoria is located within 50 km of several producing mines including: La Arena owned by Tahoe Resources, Lagunas Norte (Alto Chicama) owned by Barrick Gold Corp. and Santa Rosa owned by Compañia Minera Aurífera Santa Rosa (COMARSA).
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE: TTC). Currently, there are 43,634,982 shares outstanding (44,484,982 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company's QP and serves as the GM of Minera Tartisan Peru. Mr. Pigeon can be contacted at +51986651325 (tartisan.gm@gmail.com). 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.
Not for distribution to U.S. news wire services or dissemination in the U.S.
