VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2012) - Tajiri Resources Corp. (the "Company") (TSX VENTURE:TAJ) has arranged, subject to the acceptance of the TSX Venture Exchange, a private placement totalling $250,000. These finances will be raised by the company issuing up to 2.5 million units ("Unit") at a price of $0.10 per unit for aggregate gross proceeds of up to $250,000.00. Each Unit shall consist of one common share and one common share purchase warrant ("Warrant"). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company at a price of $0.15 for a period of 12 months following the closing of the Offering.
The net proceeds of the private placement will be used for further exploration on the company's properties and for working capital purposes.
On Behalf of the Board,
Tajiri Resources Corp.
Albert (Rick) Timcke, President
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
Neither the 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.
Contact Information:
Albert (Rick) Timcke
President
604-642-0115 or Toll Free: 866-345-0115
604-642-0116 (FAX)
info@tajiricorp.com