GoldMining Inc. press release
Taranis Resources Inc. Closes Acquisition of Thor Property, Located Near Ferguson, Revelstoke Mining District, B.C.
TSX - Toronto Stock Exchange · Gold · Copper · Silver · Uranium · Canada
LAKEWOOD, CO, Jan. 9 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V: TRO), a Colorado-based resource company with a number of gold and silver projects, is pleased to announce that it has closed its acquisition of the Thor property, located in the Revelstoke Mining District, British Columbia, as originally announced on August 23, 2006.
The total consideration to acquire 100% of this property (subject to no royalties) consisted of cash payments totalling approximately $75,000 and the issuance of 1,250,000 common shares of Taranis (an increase of 50,000 shares over the 1,200,000 common shares disclosed in Taranis's August 23, 2006 News Release, representing additional consideration for surface rights to certain of the claims which had not been originally negotiated by the parties). All of these shares are subject to a hold period in Canada until April 16, 2007.
About Taranis Resources Inc.
Taranis is a precious metal resource company with three active exploration projects owned 100% located in Nevada, USA which are ready for drilling and the advanced-stage Kettukuusikko Property located in Lapland, Finland which is currently being explored and drilled by Taranis and Royal Gold, Inc. of Denver. Taranis now also holds a 100% interest in 27 Crown Granted mineral claims in the Revelstoke Mining District, British Columbia. Taranis currently has 13,275,168 shares issued and outstanding (15,245,918 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
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adequacy or accuracy of this release.