VANCOUVER, BRITISH COLUMBIA, Nov. 15, 2010 (Marketwire) -- Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that further to the Company's news release dated November 11, 2010, its proposed brokered private placement will be increased from $5,000,000 up to $7,000,000 through the issuance of up to 6,680,000 flow through units ("FT Unit") at a price of $0.42 per FT Unit and up to 11,060,000 units ("Units") at a price of $0.38 per Unit for aggregate gross proceeds of up to $7,000,000 (the "Offering"). Each FT Unit shall consist of one common share and one-half of one common share purchase warrant ("Warrant"). Each Unit shall be comprised of one common share and one Warrant. Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company at a price of $0.65 for a period of 24 months following the closing of the Offering.
In all other respects, the Company's news release dated November 11, 2010, remains unchanged.
Taku Gold Corp.
Taku Gold Corp. (http://www.takugold.com) is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the White Gold District of the Yukon Territory and the Tagish Lake region of Northern British Columbia.
Forward Looking Statement:
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. Specifically, completion of the private placement of up to $7,000,000 is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that the private placement will be completed as proposed or at all. 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.
Taku Gold Corp.
604.642.0115 or Toll Free: 866.345.0115