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| Home : Tanager Announces Closing of Financing |
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Jan 16
2014 |
Tanager Announces Closing of Financing |
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CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) advises that it has closed the first tranche of its previously announced financing of $250,000, subject to final approval from the TSX Venture Exchange. Pursuant to the non-brokered private placement, the Corporation issued 3,300,000 units at a price of $0.05 per share for gross proceeds of $165,000. Each Unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant entitles its holder thereof to purchase one additional common share in the capital of Tanager for a period expiring on December 31, 2015, at an exercise price of $0.10 per common share. The remaining $85,000 of the financing will close on or before January 31, 2014. Net proceeds will be used for acquisition or farm-in of producing oil and gas properties and for general corporate purposes. The shares issued in connection with the private placement will be subject to a four month hold period that expires on May 16, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1869881&sourceType=3 |
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