Talisker Resources Ltd. Announces $40 Million Bought‑Deal Private Placement
Talisker Resources Ltd. (TSX: TSK; OTCQX: TSKFF) entered into a private‑placement agreement with Red Cloud Securities Inc. on 26 February 2026. Under the terms, Red Cloud, acting as lead underwriter and sole bookrunner, will purchase 20 million units of the company at an offering price of $2.00 per unit, generating gross proceeds of $40 million.
Structure of the Offering
- Unit Composition – Each unit comprises one common share of Talisker and one‑half of a common‑share purchase warrant (Warrant).
- Warrant Terms – A full warrant gives the holder the right to purchase one common share at $2.70 at any time up to 24 months after the closing date.
- Listing Intent – Talisker intends to pursue commercial efforts to list the warrants on the Toronto Stock Exchange following the closing, contingent on meeting minimum distribution requirements.
Over‑Allotment Option
The underwriters hold an option exercisable up to 48 hours prior to the closing to acquire an additional 3 million units at the same offering price, potentially raising up to $6 million in gross proceeds.
Implications for Shareholders
The private placement will increase Talisker’s share count and dilute existing shareholders, while providing capital for exploration and development of its gold projects in British Columbia. The inclusion of warrants introduces potential future upside for investors should the company’s share price rise above the warrant exercise price.
Market Context
Talisker’s stock traded at CAD 2.26 on 23 February 2026, within a 52‑week range of CAD 0.388 to CAD 2.35. The company’s market capitalization stands at approximately CAD 388 million, and it has a negative price‑earnings ratio of –11.43, reflecting its status as a junior exploration firm.
The announcement is subject to regulatory approvals and other customary closing conditions. No additional information regarding the use of proceeds or the timing of the warrant listing has been disclosed at this time.
