Tactical Resources Announces Private Placement Closure

Tactical Resources Corp., a company involved in mineral exploration and development, has successfully closed a non-brokered private placement. The placement involved issuing 207,625 common shares at $6.30 each, resulting in gross proceeds of $1,308,037.50. The securities are subjected to a statutory hold period of four months plus a day from the issuance date, pending final approval from the TSX Venture Exchange.

The company plans to utilize the net proceeds for working capital and general corporate uses. A cash finder’s fee amounting to 10% of the proceeds, or $130,803.75, was paid to an external finder. The private placement complies with restrictions barring its sale or offering in the United States without appropriate registration.