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Tajiri Resources Corp (2)
Symbol TAJ
Shares Issued 158,191,258
Close 2025-09-17 C$ 0.09
Market Cap C$ 14,237,213
Recent Sedar Documents

Tajiri closes $1.87-million private placement

2025-09-17 18:37 ET - News Release

Mr. Graham Keevil reports

TAJIRI CLOSES NON-BROKERED PRIVATE PLACEMENT

Tajiri Resources Corp. has received approval from the TSX Venture Exchange and has closed its previously announced non-brokered private placement, raising gross proceeds of $1,870,850.10. Due to strong investor demand, the offering was oversubscribed and saw the company issue 26,726,430 units at a price of seven cents per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share in the capital of the company at a price of 14 cents for a period of 12 months from the closing date. The warrants will be subject to an accelerated expiry, if, following the closing, the closing price of the issuer's common shares on the exchange for any 10 consecutive trading days equals or exceeds 25 cents. The issuer may, upon providing written notice to the holders (which may be done by way of a regular press release) of warrants, accelerate the expiry date of the warrants to the date that is 30 days following the date of such notice. All securities issued as part of the placement will have a standard hold period of four months and one day from the closing date. Funds will be used for exploration and development of the company's mineral projects, future acquisitions, and general working capital purposes. Cash finders' fees totalling $12,257.50 were paid on eligible proceeds.

In connection with the offering, certain officers and directors of the company collectively acquired three million units. The foregoing transactions constitute, in each case, a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by the insiders exceeded 25 per cent of the company's market capitalization, in each case as determined under MI 61-101.

The lead order in the private placement was from Paragon Funds Management Ltd., Australia's top-performing fund, which returned 102.4 per cent after fees for 2025. Paragon, led by chief investment officer John Deniz, specializes in high-conviction investments and has a proven record of backing emerging resource opportunities. This commitment represents a significant vote of confidence in Tajiri's management team, exploration assets and strategic direction.

About Tajiri Resources Corp.

Tajiri is a junior gold exploration and development company with exploration assets located in two of the world's least explored and highly prolific greenstone belts of Burkina Faso, West Africa, and Guyana, South America. Led by a team of industry professionals with a combined 100-plus years experience, the company continues to generate shareholder value through exploration.

We seek Safe Harbor.

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