11:46 AM EST - Taipan Resources Inc. : announced that the Company is proceeding with a non-brokered private placement to raise up to $6,000,000 through the issuance of up to 16,666,667 units at a price of $0.36 per Unit. Each Unit will consist of one common share of the Company and one transferable share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the Company for a period of four years at an exercise price of $0.50. Taipan Resources Inc.
shares T.TPN are trading down $0.025 at $0.43.
