Tasca Resources Arranges a Private Placement of 5 Million Units at $0.60 per unit.
Vancouver, British Columbia (FSCwire) - Tasca Resources Ltd. ("Tasca", "TAC" or the "Company") (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce that it intends to proceed with a private placement (the “Offering”) of up to 5,000,000 Units (the “Units”) at $0.60 per Unit for gross proceeds of up to $3,000,000.
Each Unit will consist of one (1) common share in the capital of the Company and one (1) transferable common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire one (1) additional common share in the capital of the Company (each a “Warrant Share”) at an exercise price of $0.75 per Warrant Share for a period of twenty four (24) months from the date of issuance
The Company may pay cash finder’s fees to certain arm’s length finders (each a “Finder”), equal to eight (8%) percent of the gross proceeds raised under the Offering from purchasers introduced to the Company by each Finder. The private placement is subject to TSX Venture Exchange acceptance and the resulting securities which are issued will be subject to a four month and a day hold period.
About Tasca Resources
Tasca Resources Ltd. (TAC: TSX-V; FWB: 3TA) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.
For additional information regarding the Company, please visit the Company's website at www.tascaresources.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794; Email: tascaresources@gmail.com
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.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/tasca11212017_0.pdf
Source: Tasca Resources Ltd. (TSX Venture:TAC)
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