1450 – 409 Granville St. Vancouver, British Columbia V6C 1T2 Telephone 604-642-0115 Facsimile 604-642-0116 Email [email protected] Toll Free 866-345-0115
Tajiri Amends Financing to $1,000,000
VANCOUVER, Canada, October 21, 2011, Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) announces the Company has agreed to amend the private placement announced on August 29, 2011 and subsequently amended on September 23, 2011 (as announced in Stockwatch) from $640,000 to $1,000,000.
Funds will be raised through the issuance of up to 2 million flow-through units at $0.12 per unit for proceeds of $240,000, with each flow-through unit consisting of one common share and onehalf of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional non flow-through common share of the Company for one year from closing at a price of $0.18 per non flow-through share. The Company will also issue up to 7,600,000 nonflow-through units at $.10 for proceeds of $760,000, with each non flow– through unit consisting of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for a period of one year at a price of $0.15.
Proceeds from the flow-through units will be used to further exploration on the Company’s Inca Silver Project located 180km East of Mayo in the Mayo Mining District, Yukon Territory.
Proceeds from the non flow-through units will be used to fund exploration on the Company’s recently acquired Kaburi Gold Property, in the Kaburi Area, Mazaruni, Guyana SA and for general working capital purposes.
Finder’s fees may be payable on a portion of the private placement, in accordance with the policies of the TSX Venture Exchange.
The private placement is subject to the approval of the TSX Venture Exchange.
1450 – 409 Granville St. Vancouver, British Columbia V6C 1T2 Telephone 604-642-0115 Facsimile 604-642-0116 Email [email protected] Toll Free 866-345-0115
On Behalf of the Board,
Tajiri Resources Corp.
“Albert (Rick) Timcke” President
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 rel ease.
This news release may contain forward -looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or resu lts to differ materially from those reflected in the forward -looking statements. The Company disclaims any intention or obligation to revise or update such statements.