home >> Taku Gold news >> February 24, 2010

Taku Gold News Room

February 24, 2010

Taku Gold Announces Private Placement

Taku Gold Corp. (the "Company") (TSXV: TAK) announces a non-brokered private placement totalling $400,000. These funds will be raised by the Company issuing up to 4,000,000 non-flow-through units at a price of $0.10 per unit, each unit consisting of one common share and one-half share purchase warrant. One whole warrant will entitle the holder thereof to acquire one additional common share of the Company for a period of two years at a price of $0.15.

Finder's fees may be payable on a portion of the private placement, in accordance with the policies of the TSX Venture Exchange.

A portion of the net proceeds of the private placement will be used to further exploration on the Company's TAG Gold and Silver Property and for working capital purposes.

Completion of the private placement is subject to the acceptance of the TSX Venture Exchange.

On Behalf of the Board,
Taku Gold Corp.

Zachery Dingsdale,
CEO and President

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.

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.

Please read our Disclaimer.