Tarsis Announces $1.6 Million Private Placement, Kinross Takes 9.9% Stake

Tarsis Resources Ltd. (TSXV:TCC) reports that it has agreed to complete a non-brokered private placement.

The press release is quoted as saying:

Kinross Gold Corporation (TSX:K)(NYSE:KGC) (“Kinross”) has agreed to purchase all 2,710,891 shares (approximately 9.9% of the Company’s issued and outstanding). Tarsis has agreed to grant Kinross the right to maintain its percentage ownership during future financings.

Tarsis’ President and CEO, Marc Blythe says:

“We are very pleased to have attracted the attention of Kinross, one of the world’s largest gold producers. Their interest affirms our corporate and exploration strategies.”

Click here to access the entire news release.

Click here to access Tarsis’s company profile.