|By Marketwired .||
|December 19, 2013 04:30 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/19/13 -- Tarsis Resources Ltd. (TSX VENTURE: TCC) ("Tarsis" and "the Company") is pleased to announce that the financing announced on November 21, 2013 and increased on December 16, 2013 has been closed.
Tarsis issued 4,836,666 units (a "Unit") at $0.075 per Unit for gross proceeds of $362,750. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share on for a 36 month period expiring December 16, 2016 at a price of $0.15 per common share. The securities issued are subject to a four month hold period expiring on April 17, 2013. Insiders participated in the offering for a total of 2,100,000 Units.
The proceeds will be used for certain prospect generation efforts in the Yukon, Mexico and the USA, certain early stage exploration work to upgrade currently held projects, and for general corporate purposes.
Tarsis now has 47,973,777 common shares outstanding upon completion of this financing.
About Tarsis Resources
Tarsis is an exploration company following the prospect generator business model. The Company acquires prospective exploration projects by acquisition or through its own grass roots generative exploration, adds value and then vends or options out projects to partners for advancement.
On behalf of the Board,
Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer
This news release was prepared by Company management, which takes full responsibility for content. 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 release.