Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") is pleased to announce an update to the previously announced non-brokered private placement.
The non-brokered private placement is increased to an aggregate of up to 150,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $7,500,000 (the "Financing"). Each Unit will consist of one (1) Common Share and one (1) transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one (1) additional Common Share at a price of $0.064 for a period of thirty-six (36) months from the date of issuance. It is not anticipated that any new control persons will be created as a result of the Financing.
In connection with the Financing, the Company may pay a finder's fee to certain qualified arm's length parties a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants ("Finder's Warrants") equal to 8% of the number of Units placed by such finder. Each Finder's Warrant will entitle the holder thereof to subscribe for one Consolidated Common Share at a price of $0.064 for a period of 36 months following the issue date.
The Company will be required to obtain shareholder approval prior to closing in accordance with the policies of the Canadian Securities Exchange (the "CSE"). The Company intends to obtain such approval by way of written-consent of the majority of the outstanding share capital of the Company.
The net proceeds from the Financing are expected to be used to:
- Maintain the Company's Charlotte Gold property in good standing,
- Advance strategic business development initiatives of the Company, and
- Provide general working capital.
The Financing are subject to approval by the CSE and the filing of all required documentation. The Company anticipates closing the Financing in one or more tranches following receipt of necessary approvals. All securities issued in connection with the Financing will be subject to a hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws.
The Company intends to close the Financing on or before October 20, 2025.
The securities issued under the Financing have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Taurus Gold Corp.
Taurus Gold is a growth-oriented mineral exploration company with a 51% interest in the Charlotte gold-silver property in the Yukon. The Charlotte Property covers approximately 23 square kilometres and is road accessible within the established Dawson Range mining district. The Company's focus remains on advancing this flagship property through systematic exploration and development.
On Behalf of the Board of Directors
Robert Sim, CEO / Director
For Further Information, Please Contact:
Robert Sim - CEO / Director
Phone: 604-617-4803
Email: info@taurusgold.ca
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE'S REGULATION SERVICES PROVIDER.
Forward-Looking Statements
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "likely", "probably", "often", or "plan".
Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the size of the Financing, the completion and terms of the Financing, the use of the proceeds from the Financing, the Company's objectives, goals or future plans, statements, the success of the strategic businesses development initiatives, the timing and receipt of regulatory, shareholder and governmental approvals for the transactions described herein and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include future growth potential of the Company, fluctuations in general macroeconomic conditions, fluctuations in securities markets, exploration success, the ability of the Company to successfully achieve its business objectives, the ability of the Company to satisfy stock exchange, shareholder and other regulatory requirements in a timely manner, inability to obtain adequate insurance to cover risks and hazards and general market conditions. Additional factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on http://www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. These statements speak only as of the date of this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268814
SOURCE: Taurus Gold Corp.
