COEUR D’ALENE, IDAHO–(Marketwired – March 24, 2017) – Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) (“Timberline” or the “Company”) announced today that due to demand, it has increased the amount of its previously announced non-brokered private placement, disclosed in a press release dated January 13, 2017, from US$1.25 million, with an over-allotment option to increase the offering by up to 20%, to US$1.75 million (the “Increased Offering”). Under the Increased Offering, the Company may issue up to 7 million Units of the Company (the “Units”) at a price of US$0.25 per Unit and is offered under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”) solely to persons who qualify as accredited investors. Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a “Warrant”), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of US$0.40 per share until January 31, 2020.
