Taranis Resources Inc. Concludes Private Placement

Taranis Resources Inc., a Canadian mineral exploration company, announced the completion of a private placement, raising $250,000 through the sale of 454,546 flow-through units. Each unit was priced at $0.55 and included one common share and a warrant for an additional share, exercisable at $0.50 until November 2026. These securities are under a hold period in Canada until March 2025.

Insiders participated fully in this placement, considered a related party transaction. Taranis leveraged exemptions from valuation and shareholder approval requirements under relevant regulations, as insider participation did not exceed 25% of the company's market capitalization.

The company operates the Thor Project in British Columbia, employing modern exploration techniques to investigate potential mineral deposits in historical mining areas.