Taranis Resources Inc. (TSXV:TRO) announced a private placement of 2,086,667 flow-through common shares at a price of CAD 0.12 per flow-through common share for a gross proceeds of CAD 250,400 and 1,696,500 ordinary common shares at a price of CAD 0.10 per ordinary common share for a gross proceeds of CAD 169,650; for aggregate gross proceeds of CAD 420,050 on May 26, 2021. All securities to be issued will be subject to a hold period of four months plus one day from the date of closing. The transaction is subject to regulatory acceptance.

The company currently has 74,545,257 shares issued and outstanding, and 85,124,023 shares on diluted basic.