Tarku Resources Ltd. announced a non-brokered private placement of up to 13,750,000 units at a price of CAD 0.04 per unit for gross proceeds of up to CAD 550,000 on December 15, 2022. Each unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the company at a price of CAD 0.08 per share, for a period of 36 months from the date the units are issued.

The company will not pay any finder's fees in the transaction.