NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK, OTCQX:TSKFF) is pleased to announce that further to its press release of July 29, 2024 in connection with a non-brokered private placement (the "Offering") to raise up to $2 million in gross proceeds, the Company has received additional interest and is increasing the Offering to up to $2.3 million (the "Upsized Offering"). The Upsized Offering will comprise of up to 5,750,000 units of the Company (each a "Unit") at a price of $0.40 per Unit (the "Issue Price") for gross proceeds of up to approximately $2.3 million. Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "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 closing of the Upsized Offering. The Upsized Offering is scheduled to close on or about August 12, 2024, and is subject to customary conditions, including the receipt of all necessary regulatory approvals (including the approval of the Toronto Stock Exchange). In consideration for their services, the Company has agreed to pay certain finders a cash fee equal to 6.0% of the gross proceeds from the Upsized Offering and to issue the finders non-transferable warrants ("Finder's Warrants") equal to 6.0% of the aggregate number of Units issued under the Upsized Offering. Each Finder's Warrant will be exercisable into ...