Talisker Closes Non-Brokered Private Placement for Gross Proceeds of Approximately $14 Million

Core Viewpoint - Talisker Resources Ltd. has successfully closed a non-brokered private placement, raising approximately $14 million through the issuance of 27,913,000 units at a price of $0.50 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.75 until May 5, 2028 [2]. - The company has received conditional approval from the Toronto Stock Exchange for the listing of 13,956,500 warrants under the symbol "TSK.WT," pending final approval [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for advancing the Bralorne Gold Project in British Columbia, along with general corporate purposes and working capital [5]. Group 3: Regulatory and Insider Participation - A total of 24,613,000 units were issued under the listed issuer financing exemption, with the remaining units issued on a private placement basis outside Canada [6]. - An insider of the company participated in the offering, which was classified as a "related party transaction," exempting the company from formal valuation or minority shareholder approval requirements [7]. Group 4: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, with its flagship asset being the Bralorne Gold Project, currently transitioning to underground production at the Mustang Mine [10].