Mr. Derrick Gaon reports
TALENT INFINITY ANNOUNCES $475,000 NON-BROKERED PRIVATE PLACEMENT
Talent Infinity Resource Developments Inc. is undertaking a non-brokered private placement equity financing.
The company will offer up to 9.5 million hard-dollar units at a price of five cents per non-flow-through (NFT) unit for aggregate gross proceeds of up to $475,000.
Each NFT unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of 7.5 cents per common share for a period of two years following the closing date of the offering, subject to the company's right to accelerate expiry. If, at any time, the 20 day volume-weighted average price (VWAP) of the company's common shares is greater than 35 cents per common share for 10 consecutive days, including days where there is no trading, the company may provide written notice to the holders that the expiry of the warrants shall be accelerated to a date that is not less than 30 days from the date of the warrant acceleration notice. The securities issued in connection with the private placement offering shall be subject to a hold period of four months plus a day from issuance.
The proceeds of the offering will be used for general working capital purposes and finders' fees may be paid in connection with the offering.
About Talent Infinity Resource Developments Inc.
Talent Infinity is a mineral exploration company focused on the acquisition, exploration and development of critical mineral properties. The company is based in Vancouver, B.C., and holds an option over the Wildcat property, located in British Columbia.
We seek Safe Harbor.
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