New Issue: Takara Resources wraps C$2.27 million units sale with C$414,620 tranche

By Devika Patel

Knoxville, Tenn., May 13 - Takara Resources Inc. said it raised C$414,620 in the second and final tranche of a C$2.27 million private placement of units. The deal priced for C$3 million on April 8, and the company took in C$1.89 million on April 27.

The company sold 16,221,422 units at C$0.14 apiece. It sold 13,259,850 units in the first tranche and 2,961,572 units in this one.

Each unit consists of one common share and a warrant. Each warrant is exercisable at C$0.20 for one year.

Versant Partners Inc. was the agent.

Based in Toronto, Takara is a mineral explorer.

Issuer:	Takara Resources Inc.
Issue:	Units of one common share and a warrant
Amount:	C$2,270,999
Units:	16,221,422
Price:	C$0.14
Warrants:	One warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.20
Agent:	Versant Partners Inc.
Pricing date:	April 8
Settlement date:	April 27 (for C$1,885,119), May 13 (for C$414,620)
Stock symbol:	TSX Venture: TKK
Stock price:	C$0.07 at close April 8
Market capitalization:	C$2.07 million

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