VANCOUVER, BC / ACCESSWIRE / April 16, 2014 / Tiller Resources Ltd. (TSX-V: TIR; "Tiller Resources", "the Company") announces it has amended the terms of its private placement previously announced on March 13, 2014. Subject to regulatory approval, the Company will issue up to 8,666,666 units at a price of $0.075 per unit for aggregate proceeds of up to $650,000. Each unit shall consist of one common share and one transferable common share purchase warrant. Each transferrable warrant shall be exercisable into one further common share of the Company at an exercise price of $0.10 for a term of 5 years from closing. All securities issued under this private placement will be subject to a statutory hold period of 4 months from closing.
Any funds raised will be used for future acquisitions and general working capital.
ON BEHALF OF THE BOARD
Neither 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 release.
This document includes forward- looking statements. When used in this document, the words "potential", "plan", "could", "estimate", "expect", "intend", "may", "should", and similar expressions are intended to be among the statements that identify forward-looking statements. Although Savoy believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
SOURCE: Tiller Resources Ltd.