TAC.v Tasca Resources closes final tranche of financing
2016-09-06 13:00 ET - News Release
Mr. Clive Massey reports
TASCA CLOSES SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement of flow-through and non-flow-through units of Tasca Resources Ltd., announced May 31, 2016, June 24, 2016, and Aug. 24, 2016.
The company has issued 3,033,333 non-flow-through shares at 7.5 cents per non-flow-through share and an equal number of warrants exercisable at 10 cents per common share. The company has also issued 575,000 flow-through shares at 10 cents per share and an equal number of non-flow-through warrants exercisable at 15 cents per common share, all for a two-year period.
The company has paid cash finders' fees to five finders totalling $26,900 and has issued to two agents, 65,000 common shares at 7.5 cents per share and 65,000 warrants exercisable at 10 cents per share and 23,740 common shares at 10 cents per share and 23,750 warrants exercisable at 15 cents per share with a two-year term.
The flow-through share proceeds from the private placement will be used by the company to carry out additional exploration on its Fourbay Lake and Cobb Bay properties and the non-flow-through proceeds for general working capital expenses and accounts payable.
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