07:40 AM EDT, 07/29/2024 (MT Newswires) -- Talisker Resources ( TSKFF ) , which rose 2.2% last Friday, on Monday announced a non-brokered private placement of up to 5 million units of the company at a price of US$0.40 for aggregate gross proceeds of up to approximately US$2 million.

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 $0.60 for a period of 24 months after the completion of the Offering.

The company will use the proceeds for working capital and general corporate purposes.