Tarsis Resources (CVE:TCC) announced after the bell Tuesday that it has agreed to a $1 million private placement financing, as well as to the transfer of an option agreement on the Prospector Mountain property in Yukon.

The non-brokered private placement offering will consist of four million units at 25 cents each, subject to approval by the TSX Venture Exchange, Tarsis said.

Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 40 cents for one year and a half from the closing date.

The financing will be taken up by a group of strategic investors who have been long term supporters of exploration companies such as Tarsis in the past, both financially, and by assisting with growth strategies and contact networks, the company said.

New funds will be used for mineral exploration in the Yukon, Canada, and in Mexico, as well as for the review of new projects. Finder’s fees of cash and warrants may be paid on a portion of the offerings, Tarsis added.

“We had the opportunity to expand our shareholder base with some strategic investors who liked our recent Yukon results so we decided it was a good long term move to complete this offering,” said president and CEO, Marc G. Blythe.

Indeed, last week, Tarsis announced it sampled 82.2 grams per tonne (g/t) over one metre at the HG Zone of its White River property in the Yukon.

The sample is from a series of hand trenches at the property, intended to define the White River West target. Strong anomalous gold was discovered in nine of the 11 hand trenches completed, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

Separately, Tarsis also said Wednesday that it has amended its option agreement with Silver Quest Resources (CVE:SQI) on its Prospector Mountain property, allowing Independence Gold Corp (CVE:IGO) to assume the obligations of the option deal.

Independence has also been given a three month extension on cash and share payments due under the agreement, giving the company time to review project results.

Exploration results, including diamond drilling from the 2011 season, are yet to be released.

Prospector Mountain is located in the Tintina Gold Belt, Yukon, Canada and the property consists of 239 mineral claims (approximately 4,996 hectares), located 90 kilometres northwest of Carmacks, Yukon.

Independence was formed as part of an arrangement where New Gold (TSE:NGD) acquired Silver Quest Resources, primarily for its Davidson/Blackwater Project, BC. Independence now holds all of Silver Quest’s Yukon assets.

Tarsis has nine mineral properties in the Yukon, Canada and one in Mexico.