Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) has announced a non-brokered private placement targeting gross proceeds of up to $1,375,000. The offering includes the sale of hard dollar and charity flow-through units at competitive prices.

Targa’s Strategic Offering

The offering comprises hard dollar units priced at $0.10 and charity flow-through units at $0.175. Each unit includes a common share and a half warrant, which may accelerate under certain conditions.

Utilization of Funds

Proceeds will fund the Opinaca gold-lithium project’s exploration and provide working capital. Specifically, funds from charity flow-through units will support Canadian exploration expenses in Quebec.

About the Opinaca Project

Located near significant mining sites, the Opinaca Project spans over 85,267 hectares in Quebec. Preliminary surveys have identified notable gold, arsenic, tungsten, and lithium anomalies, ushering in a promising exploration phase.

Targa’s Exploration Commitment

With a portfolio of 15 projects across various provinces, Targa is at the forefront of lithium and gold exploration in Canada, aiming to unlock the potential of unexplored territories.

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