VANCOUVER, BC, Jan. 28, 2021 /CNW/
- Tajiri Resources Corp. (the
"Company") (TSXV: TAJ) reports that as a result of a review by
the British Columbia Securities Commission (BCSC) and the Ontario
Securities Commission (OSC), the Company is issuing the following
news release to clarify its disclosure contained in its recently
filed Information Circular dated January 4,
2021 (the "Circular") for the Company's Annual General
Meeting scheduled for February 5,
2021 (the "AGM").
At the AGM the Company proposes to seek shareholders' approval
to the Company's acquisition of the Epeius and Gargantuan Projects
located in Guyana, South America (the "Projects"). As this
is a related party transaction:
(i)
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the TSX Venture
Exchange requires the Company to obtain shareholders' approval as a
condition of the TSXV approving such acquisition;
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(ii)
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the OSC considers the
current disclosure within the Circular to be insufficient for
compliance with Multilateral Instrument 61-101 as it pertains to
related party transactions and obtaining shareholders' approval;
and
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(iii)
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the OSC and BCSC note
that technical reports prepared in accordance with National
Instrument 43-101 and NI 43-101F1 must be prepared and made
available to shareholders as part of the disclosure to be
considered.
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As such the Company advises that:
(i)
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the matter concerning
the Company's acquisition of the Projects will not be put forward
for discussion or consideration by shareholders at the AGM on
February 5, 2021;
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(ii)
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rather, after all
other matters to be dealt with the AGM have been completed, the AGM
will be adjourned so as to allow the Company to prepare
comprehensive disclosure concerning the Projects and the proposed
acquisition;
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(iii)
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such additional
information will include technical reports on the Projects,
prepared in accordance with NI 43-101F1
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(iii)
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such additional
information will form the basis of an addendum to the Circular,
which will be mailed out to shareholders at least 21 days prior to
the adjourned AGM date; and
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(iv)
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the Company will not
be relying on the proxies received under the Circular as they
pertain to the acquisition of the Projects. Rather, the
Company will provide a replacement proxy with the above stated
addendum.
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On Behalf of the Board,
Tajiri Resources Corp
Graham
Keevil,
President & CEO
About Tajiri
Tajiri Resources Corp. is a
junior gold exploration and development Company with exploration
assets located in two of the worlds least explored and highly
prospective greenstone belts of Burkina
Faso, West Africa and
Guyana, South America. Lead by a team of industry
professionals with a combined 100 plus years experience the Company
continues to generate shareholder value through
exploration.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to
revise or update such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tajiri Resources Corp.