The Conversation (0)
Tarsis Resources Ltd. (CVE:TCC) reports that it closed the private placement of 4,100,000 units at $0.25 per Unit to raise gross proceeds of $1,025,000 On October 1, 2010. The funds will be used to continue to advance the Company’s mineral exploration projects in the Yukon and Mexico to get the projects ready to be optioned […]
The funds will be used to continue to advance the Company’s mineral exploration projects in the Yukon and Mexico to get the projects ready to be optioned out to qualified companies.
Tarsis Resources CEO and President, Marc Blythe says:
“these funds will be focused on the acquisition of new projects in Yukon and Mexico, including an exploration program on our Erika project and for general corporate purposes. As in the past, we have kept dilution to a minimum by raising only modest amounts of money to fund our immediate plans. The Company plans to continue to focus primarily on gold and copper exploration. The placement was over-subscribed and we thank investors for their interest in Tarsis.” The Company now has 22,920,470 common shares outstanding.”
For complete news release, click here.