|By Marketwired .||
|August 22, 2014 01:35 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/22/14 -- Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that the Company has arranged a private placement of 5 million units at $0.05 cents to raise $250,000.
In keeping with Tarsis's goal of limiting the dilution to its shareholders, this is the second small financing this year to move the company ahead to its next milestone.
Tarsis's immediate efforts are on optioning out its projects, acquiring new prospective projects coming available due to the downturn in the equity markets for junior explorers, and considering strategic mergers or acquisitions to expand the operations of the company.
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.
As a Prospect Generator, Tarsis works to facilitate the majority of its exploration funding through option partnerships. Tarsis has advanced 4 of its projects with funding from JV partners totalling just over $5 million with no shareholder dilution for those expenditures. Tarsis has retained all data on those projects and continues to advance its projects and present data to qualified partners who may option the projects.
Marc Blythe, President & CEO, commented that "We have some excellent projects and while it is a slow period for optioning out projects, we are very active in presenting projects to potential partners with site visits underway, and our low overhead costs are an asset."
US SEC Registration on Form 20-F
Tarsis has also completed the filing and review process for Form 20-F with the US SEC which allows Tarsis' greater access to investment from US investors and standardizes public disclosure format for easy comparison to US domestic issuers.
About Tarsis Resources
Tarsis is an exploration company following the prospect generator business model. The Company acquires prospective exploration projects by acquisition or through its own grass roots generative exploration, adds value and then vends or options out projects to partners for advancement.
Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer
This news release was prepared by Company management, which takes full responsibility for content. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leading cloud-centric IT organizations are establishing core capabilities to improve productivity, control costs and provide a highly responsive end-user experience. Key steps along this journey include creating an end-user cloud services catalog, automating workflows and provisioning, and implementing IT showback and chargeback. In his session at 19th Cloud Expo, Mark Jamensky, executive vice president of Products at Embotics, will walk attendees through an in-depth case study of enterprise I...
Sep. 29, 2016 06:15 AM EDT Reads: 1,464
Sep. 29, 2016 06:00 AM EDT Reads: 2,751
Sep. 29, 2016 06:00 AM EDT Reads: 2,674
Sep. 29, 2016 06:00 AM EDT Reads: 520
Sep. 29, 2016 05:45 AM EDT Reads: 1,048
Sep. 29, 2016 05:45 AM EDT Reads: 1,501
Sep. 29, 2016 05:30 AM EDT Reads: 2,949
Sep. 29, 2016 05:30 AM EDT Reads: 1,146
Sep. 29, 2016 05:15 AM EDT Reads: 1,243
Sep. 29, 2016 05:00 AM EDT Reads: 1,638
Sep. 29, 2016 04:45 AM EDT Reads: 1,798
Sep. 29, 2016 04:30 AM EDT Reads: 4,680
Sep. 29, 2016 04:00 AM EDT Reads: 1,815
Sep. 29, 2016 04:00 AM EDT Reads: 1,213
Sep. 29, 2016 03:45 AM EDT Reads: 4,826