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| Home : Tanager Energy Inc. Announces Closing of First Tranche of Private Placement and Funding for Oil and Gas Projects |
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Jul 07
2014 |
Tanager Energy Inc. Announces Closing of First Tranche of Private Placement and Funding for Oil and Gas Projects |
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CALGARY, ALBERTA--(Marketwired - July 7, 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 $600,000, subject to final approval from the TSX Venture Exchange. Pursuant to the non-brokered private placement, the Corporation issued 1,575,000 units at a price of $0.08 per share for gross proceeds of $126,000. 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 May 30, 2016, at an exercise price of $0.15 per common share. The shares issued in connection with the private placement will be subject to a four month hold period that expires on September 27, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1927103&sourceType=3 |
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