VANCOUVER, BRITISH COLUMBIA, Mar. 17, 2010 (Marketwire) -- Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce the closing of its non-brokered private placement totalling $497,500. These funds were raised through the issuance of 4,975,000 units at a price of $0.10 per unit, each unit consisting of one common share and one-half of one share purchase warrant entitling the holder thereof to acquire one additional common share of the Company for a period of two years at a price of $0.15. The shares issued pursuant to the private placement, and any shares to be issued on exercise of the share purchase warrants, are subject to a hold period expiring July 17, 2010.
Commissions totalling $37,400 were paid to Canaccord Financial Ltd., Haywood Securities Inc., Foster & Associates Financial Services Inc. and Global Maxfin Capital Inc. as consideration for arranging a portion of the private placement.
The funds raised by way of the private placement will be used for general working capital purposes.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, CEO and President
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.
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 news release.