Tarsis Resources (TSXV:TCC) announced it had closed $450,000 in financing, comprising nine million units. The financing units are comprised of one common share and one common share purchase warrant which entitles the holder to buy another common share at $0.10 for a period of three years ending September 11, 2017.

According to the press release:

The financing units are comprised of one common share and one common share purchase warrant which entitles the holder to buy another common share at $0.10 for a period of three years ending September 11, 2017. The Company has paid a total finder’s fee of $9,600 and issued 268,800 finder’s warrants to Sprott Global Resource Investments Ltd., Dundee Securities Ltd. and Redplug Capital Corp. The finder’s warrants are exercisable to purchase one common share for a period of one year at an exercise price of $0.05. The securities issued are subject to a four-month hold period, expiring on January 11, 2015. Insiders participated in the offering for a total of 2,070,000 Units.

Tarsis Resources president and CEO, Marc Blythe, said:

We were very pleased with the support shown from our existing shareholders and a few new strategic shareholders. The Company has been very active in engaging potential partners and looking at strategic mergers or acquisitions and this process is ongoing.

Click here to read the Tarsis Resources Ltd. (TSXV:TCC) press release
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