08:43 AM EDT, 06/02/2025 (MT Newswires) -- Talisker Resources Ltd. ( TSKFF ) said Monday that as a result of strong investor demand it has increased the maximum gross proceeds of its previously announced non-brokered private placement from C$3 million to C$14 million.

A statement noted the upsized offering is comprised of the sale of up to 28 million units of the company at a price of $0.50 per unit.

CEO Terry Harbort said, "This additional capital, mostly from our existing shareholders, will place Talisker in a strong financial position, allowing the company to fast-track critical development, drilling and production at a faster timeline than previously envisioned in our original bootstrap plan. Combined with the all-time high gold market, we believe this will serve to derisk the company as we advance more rapidly to an increased sustained mining rate and finalize testing and implementation of ore sorting technology."

Monday's statement noted each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of $0.75 until May 5, 2028.

The offering is scheduled to close on or about June 6, 2025 and the company intends to use the net proceeds from the offering for the continued advancement of the company's flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital.