Lakewood, Colorado, October 22, 2013 – Taranis Resources Inc. ("Taranis") (TSX.V: TRO) announces the closing of the $500,000 private placement announced September 10, 2013. This private placement consisted of the sale of 5,000,000 units at a price of $0.10 per unit, each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.15 until October 22, 2015. All of the securities issued pursuant to this private placement are subject to a hold period in Canada until February 23, 2014.
About Taranis Resources Inc.
Taranis currently has 40,874,989 shares issued and outstanding (52,771,657 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.), President and CEO
For further information contact:
Taranis Resources Inc. John Gardiner 14247 West Iliff Avenue Lakewood, Colorado Phone: (303) 716-5922, Cell: (720) 209-3049 johnjgardiner@earthlink.net http://www.taranis.us
George Kent Suite 1406, 130 Carlton Street Toronto, Ontario Phone: (416) 323-0783, Cell: (416) 697-0783 georgerkent@sympatico.ca
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This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.
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Lakewood, Colorado, October 22, 2013 – Taranis Resources Inc. ("Taranis") (TSX.V: TRO) announces the closing of the $500,000 private placement announced September 10, 2013. This private placement consisted of the sale of 5,000,000 units at a price of $0.10 per unit, each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.15 until October 22, 2015. All of the securities issued pursuant to this private placement are subject to a hold period in Canada until February 23, 2014.
