Tearlach Closes Non-Brokered Flow-Through Offering of Units
VANCOUVER, British Columbia, June 13, 2023 (GLOBE NEWSWIRE) -- Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) ("Tearlach" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering of 3,923,077 flow-through units for gross proceeds of $1,000,000.02 (the "Offering").
- VANCOUVER, British Columbia, June 13, 2023 (GLOBE NEWSWIRE) -- Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) ("Tearlach" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering of 3,923,077 flow-through units for gross proceeds of $1,000,000.02 (the "Offering").
- The FT Units, QC Shares, Non QC Shares, Warrants and Warrant Shares are collectively referred to herein as the "Securities".
- An amount equal to the gross proceeds from the QC Units and Non QC Units will be used to fund exploration programs that qualify as "Canadian Exploration Expenses" ("CEE"), as defined under the Income Tax Act (Canada).
- Other than being non-transferable, each Finder's Warrant shall otherwise be on the same terms as the Warrants.