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| Home : Tanager Completes $250,000 Private Placement |
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Jan 27
2014 |
Tanager Completes $250,000 Private Placement |
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CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Tanager Energy Inc. (TSX VENTURE:TAN) ("Tanager" or the "Corporation") advises that it has completed its previously announced financing of $250,000, subject to final approval from the TSX Venture Exchange. In this second tranche of the placement, the Corporation issued 1,700,000 units at a price of $0.05 per share for gross proceeds of $85,000. 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. 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 this second tranche will be subject to a four month hold period that expires on May 30, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1872634&sourceType=3 |
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