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January 27, 2021 – Vancouver, British Columbia – Tisdale Resources Corp. (the “Company”) (TSXV: TRC) has closed its previously announced non-brokered private placement. In connection with closing, the Company has issued 740,000 units (each, a “Unit”) at a price of $0.48 per Unit for gross proceeds of $355,200. Each Unit consists of one common share and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.60 until January 27, 2024.
No finders’ fees or commissions were paid in connection with completion of the placement. All securities issued in connection with the placement are subject to a statutory hold period until May 28, 2021 in accordance with applicable securities laws.
For further information, contact Alex Klenman at ajklenman@gmail.com .
On behalf of the Board,
Tisdale Resources Corp.
Alex Klenman, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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