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Talisker Resources Ltd. closed a bought deal private placement

Fasken
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Client

Talisker Resources Ltd.

"Talisker Resources Ltd. closed a bought deal private placement initially announced on January 7, 2020 for total gross proceeds of approximately $13.1 million. In connection with the Offering, the Company issued an aggregate of  15,333,320 common shares (the ""Shares"") and 16,161,600 charity flow-through common shares (the ""Charity FT Shares"") of the Company, which Charity FT Shares will qualify as ""flow-through shares"" within the meaning of the Income Tax Act (Canada), at a price of $0.33 per Share (the
""Offering Price"") and $0.495 per Charity FT Share."

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