August 11, 2022 – Talisker Resources Ltd. closed a “best efforts” private placement of an aggregate of 28,398,000 units at a price of $0.16 per unit and 25,576,000 flow-through common shares at a price of $0.18 per flow-through common share, for a total gross proceeds of approximately $9.15 million.
Each unit consists of one common share of Talisker and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $0.24 for a period of 2.5 years from the date of issuance. The flow-through shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
Cassels acted for Talisker.