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TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to provide an update with respect to its previously announced “best-efforts” private placement of units (the “Offering”). As a result of strong investor demand, it is anticipated that the agent’s option will be exercised in full by Red Cloud Securities Inc. (“Red Cloud”), who is acting as the sole agent and bookrunner under the Offering. Accordingly, the Company expects to issue up to 16,000,000 units of the Company (the “Units”) at a price of $0.50 per Unit for aggregate gross proceeds of $8,000,000. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 36 months after the Closing Date (as defined below).
In addition, the Company has applied to the Toronto Stock Exchange (“TSX”) for the listing of the Warrants to be issued under the Offering. To facilitate the electronic settlement and clearing of the securities to be issued under the Offering, including in connection with the listing of the Warrants, Talisker anticipates the Offering will be completed on or about May 5, 2025 (the “Closing Date”).
For further details, please see the offering document dated April 17, 2025 (the “Offering Document”) related to the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://taliskerresources.com.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, please contact:
Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.