Targa Exploration Corp. announced a non-brokered private of 3,750,000 hard dollar units at a price of CAD 0.40 per hard dollar unit; 2,000,000 flow-through units at a price of CAD 0.46 per flow through unit and 3,125,000 Quebec super-flow-through units at a price of CAD 0.46 per super flow-through unit for aggregate gross proceeds of at least CAD 3,857,500 on June 29, 2023. Each unit will consist of one common share and one-half of a common share purchase warrant.

Each whole warrant will entitle the holder thereof to acquire one additional common share at a price of CAD 0.70 until the date which is 24 months following the closing date. Each flow-through unit and Super flow through unit will be issued as a flow-through share. Each super flow-through unit will also be issued as a flow-through share.

The closing of the offering is anticipated to occur on or about July 20, 2023 and is subject to customary closing conditions. In connection with the offering, the company may pay finder's fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of 4 months and a day from the closing date.