The Tarsis Resources Ltd. (TSXV:TCC) financing has been oversubscribed, and this has been increased from $502,500 to $1,030,500.
As quoted in the press release:
The financing will now consist of a total of 6.87 million units (a “Unit”) at $0.15 per Unit for gross proceeds of $1,030,500. 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 for a 36 month period at a price of $0.25 per common share.
Tarsis Resources President Marc Blythe said:
We were very pleased that three strategic shareholders decided to increase their positions significantly and this has oversubscribed the financing.