Taranis Resources Inc. (TSXV:TRO) announced a private placement of up to 4,000,000 flow-through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 400,000 on July 6, 2020. Each flow-through unit consists of one flow-through common share and one flow-through share purchase warrant of the company. Each flow-through warrant will be exercisable to acquire one additional flow-through common share at a price of CAD 0.15 per share for a period of 24 months.

All securities to be issued will be subject to a hold period of four months plus one day from the date of closing. The transaction is subject to regulatory acceptance.