Tarku Announces Issuance of Shares in Payment of Certain Debts
10 Juin 2020 - 2:02PM
Tarku Resources Ltd (TSX-V: TKU) (the “Company” or
“Tarku”) announces that it intends to issue an aggregate of
1,400,468 common shares in settlement of debts in an aggregate
amount of $86,128.73. The debts resulted from exploration services
($75,628.13) and conference services ($10,500) provided by two
creditors of Tarku (the "Debt Settlement") from February 2019 to
April 2019.
The common shares to be issued pursuant to the
exploration services Debt Settlement will be issued at a deemed
price of $0.06 per share; The common shares to be issued pursuant
to the conference services Debt Settlement will be issued at a
deemed price of $0.075 per share and all common shares will be
subject to a four-month hold period pursuant to applicable
securities legislation and the policies of the TSX Venture
Exchange.
About Tarku Resources Ltd.
(TSX-V: TKU)
Tarku is an exploration company focused on the
“Three A’s” exploration projects, (Apollo, Admiral and Atlas
Projects), in the Matagami greenstone belt, which has been
interpreted by management as the eastern extension of the Detour
Belt in Quebec, and which has seen recent exploration successes by
Midland Exploration, Balmoral Resources and Probe Metals.
Project generation is the foundation of creation
wealth in the mining business. Tarku is interested in generating
sustainable projects by conducting exploration in areas with strong
geologic potential and high levels of social acceptability within
Québec, and projects that can be explored and developed quickly
with the support of the community. Tarku has 14,595,113 outstanding
shares, of which approximately 80% are owned by insiders and major
shareholders. Management is currently reviewing several
opportunities and projects to build up the Company portfolio and
generate shareholder value.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain forward-looking
statements that are subject to known and unknown risks and
uncertainties that could cause actual results and activities to
vary materially from targeted results and planning. Such risks and
uncertainties include those described in Tarku’s periodic reports
including the annual report or in the filings made by Tarku from
time to time with securities regulatory authorities.
For more information, please visit the Company’s web site or contact:
Julien Davy, President & CEO
+1 (514) 618-7287
info@tarkuresources.com - www.tarkuresources.com
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