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Targa Amends Non-Brokered Private Placement Terms

Targa’s Updated Offering Terms

Targa Exploration Corp. (CSE: TEX | OTCQB: TRGEF | FRA: V6Y) has announced amended terms of its non-brokered private placement, seeking to raise up to $2,200,000 through a combination of HD Units, FT Units, and Super FT Units, each offering shares and warrants with specific entitlements and conditions.

Offering Details

The Offering’s HD Units are priced at $0.15, FT Units at $0.17, and Super FT Units, exclusive to Quebec, at $0.18. Each Unit includes one common share and a purchase warrant, valid for 24 months. An acceleration clause applies if the share price exceeds $0.40.

Use of Proceeds

The net proceeds will support Targa’s lithium project exploration and general working capital. Specifically, proceeds from FT and Super FT Units will finance Canadian exploration expenses aligned with critical mineral mining, to be renounced by December 31, 2023.

The anticipated Closing Date is around December 8, 2023, subject to standard conditions and potential finder’s fees. Issued securities will observe a statutory hold period.

About Targa
Targa Exploration Corp., part of the Inventa Capital group, is intensely involved in lithium exploration with an extensive project portfolio covering various Canadian provinces, aiming to uncover new lithium sources.

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