Talisker Closes First Tranche of Bought Deal Private Placement for Gross Proceeds of C$18.3 Million

Core Viewpoint - Talisker Resources Ltd. has successfully closed the first tranche of its bought deal private placement, raising gross proceeds of C$18,275,001 through the sale of 12,183,334 common shares at a price of C$1.50 per share [1]. Group 1: Offering Details - The first tranche of the offering was led by Red Cloud Securities Inc. and included underwriters such as Canaccord Genuity Corp. and FMI Securities Inc. [1] - The final tranche of the offering is anticipated to close on or before November 6, 2025 [1]. - The net proceeds from the offering will be utilized for advancing the Bralorne Gold Project, general corporate purposes, and working capital [2]. Group 2: Regulatory and Compliance Information - The offered shares were sold via private placement in all provinces of Canada (except Québec) and to U.S. persons under applicable exemptions from registration requirements [3]. - Shares issued to Canadian purchasers are subject to a four-month hold period ending on February 25, 2026 [3]. - The closing of the first tranche is subject to final approval from the Toronto Stock Exchange [5]. Group 3: Underwriter Compensation - The underwriters received total cash fees of C$1,066,494.06 and 710,966 non-transferable common share purchase warrants, allowing the purchase of shares at C$1.68 until October 24, 2027 [4]. 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 [7]. - The company is transitioning into underground production at the Mustang Mine and has additional projects including the Ladner Gold Project and the Spences Bridge Project [7][8].