Tasca Resources Closes Second and Final Tranche of Non-Brokered Private Placement Financin
06.09.2016 | FSCwire
Vancouver - Tasca Resources Limited ("Tasca" or the "Company") (TSX Venture symbol: TAC) is pleased to announce that 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 announced May 31, 2016, June 24, 2016 and August 24, 2016:The Company has issued 3,033,333 non-flow through shares at $0.075 per non-flow through share and an equal number of warrants exercisable at $0.10 per common share. The Company has also issued 575,000 flow-through shares at $0.10 per share and an equal number of non-flow through warrants exercisable at $0.15 per common share, all for a two year period.
The Company has paid cash finder’s fee to 5 finders totaling $26,900 and has issued to two Agents, 65,000 common shares at $0.075 per share and 65,000 warrants exercisable at $0.10 per share and 23,740 common shares at $0.10 per share and 23,750 warrants exercisable at $0.15 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/Cobb Bay Properties and the non-flow through proceeds for general working capital expenses and accounts payable.
For further info on the Company please visit www.tascaresources.com or email tascaresources@gmail.com. Telephone: 416-722-5122
On Behalf of the Board of Tasca Resources Ltd.,
Clive Massey,
President & CEO
“Neither the 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.”