Tajiri Resources Corp. (TSX-V: TAJ) is pleased to announce that it has received final acceptance from the TSX Venture Exchange (“TSX-V”) and has closed its non-brokered private placement offering of units previously announced September 23, 2024.

The Offering consisted of two tranches (see news released October 09^th and November 06^th, 2024) totalling 19,894,000 Units priced at $0.05 per Unit for aggregate gross proceeds of $994,700. Each Unit consisted of one common share (each, a “Common Share”) and one common share purchase warrant. Each warrant is exercisable by the holder to acquire one Common Share at a price of $0.10 for three years from the date of issuance, subject to the Acceleration Right (as defined herein). If, following the date of issuance, the closing price of the Company’s common shares on the TSXV for any ten (10) consecutive trading days equals or exceeds $0.25, the Company has the right, upon providing written notice to the holders of Warrants, to accelerate the expiry date of the Warrants to the date that is thirty (30) days following the date of such notice, which may provided by way of a news release (the “Acceleration Right”). In connection with the Offering, the Company paid a total of $49,679 cash and issued 992,580 non-transferable Broker Warrants, bearing the same terms as those attached to the units, including the acceleration right, to certain finders in consideration for introducing certain purchasers to the Company. Pursuant to applicable Canadian securities laws, all securities issued in connection with the Offering are subject to a four (4) month hold period from the date of issuance.

Proceeds from the Offering for the exploration and development of the Company’s mineral properties and for general working capital purposes with roughly $30,000 of the proceeds raised in the first tranche to be used toward the acquisition of the Yono Gold Property in Guyana. The Company will not be proceeding with the previously announced third tranche of the placement at this time and the placement has now officially been closed.

About Tajiri Resources Corp. 

Tajiri Resources Corp. is a junior gold exploration and development company with exploration assets located in two of the worlds least explored and highly prospective greenstone belts of Burkina Faso, West Africa and Guyana, South America.  Led by a team of industry professionals with a combined 100 plus years’ experience the Company continues to generate shareholder value through exploration.