Tasca to Proceed to Private Placements of FT and NFT Units
Vancouver, British Columbia (FSCwire) - Tasca Resources Ltd. ("Tasca", “TAC” or the "Company") (TSX Venture symbol: TAC) wishes to announce that further to its price reservation on file with the TSX Venture Exchange, it intends to proceed with a private placement of up to 20,000,000 NFT Units at $0.05 per Unit for gross proceeds of up to $1,000,000. Each NFT Unit is comprised of one common share at $0.05 and one full warrant exercisable at $0.075 per common share for two years from closing.
In addition, and also pursuant to its Price Reservation on file, it intends to proceed with a private placement of up to 5,000,000 Flow Through Units at $0.065 per Flow Through Unit for gross proceeds of up to $325,000. Each FT Unit is comprised of one common share at $0.065 and one-half (1/2) of one warrant with each whole warrant exercisable at $0.10 per common share (which is not a flow-through share) for two years from closing.
There will be finders’ fees payable. The private placement is subject to TSX Venture Exchange acceptance and the resulting securities which are issued will be subject to a four month and a day hold period.
About Tasca Resources
Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.
For additional information regarding the above noted Property and other corporate information, please visit the Company's website at www.tascaresources.com
ON BEHALF OF THE BOARD OF DIRECTORS
Clive H. Massey
President & CEO
For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794; Email: email@example.com
#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6
Tel: (604) 341-6870 | Fax: (604) 395-7068
Neither 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.
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Source: Tasca Resources Ltd. (TSX Venture:TAC, OTC Bulletin Board:ECMXF, FWB:3TA)
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