Tartisan Resources Corp. - Announces the Closing of the Private Placement and Increases Offering
Toronto - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of its previously announced Private Placement and wishes to announce that the Company has increased the Offering by up to four million units. Private Placement
Tartisan Resources Corp. is seeking to raise an additional $CDN 100,000 via non-brokered private-placement. The Company intends to issue an additional 4 million units at CDN $0.025 cents per unit with a full warrant at CDN $0.07 cents, expiring 24 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.
About Tartisan Resources Corp.
Tartisan is a mineral exploration and development company based in Toronto, Canada with an emphasis on properties in Peru. The company owns the La Victoria property located in the northern Ancash Department, Peru. La Victoria property 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. (TSX:ABX) 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 45,634,982 shares outstanding (46,484,982 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanResources02052016.pdf
Source: Tartisan Resources Corp. (CSE:TTC) http://www.tartisanresources.com/
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