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| Home : Tuscany Announces Closing of $500,000 Flow-Through Financing |
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Dec 11
2013 |
Tuscany Announces Closing of $500,000 Flow-Through Financing |
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CALGARY, ALBERTA--(Marketwired - Dec. 11, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS)
("Tuscany" or the "Corporation") announced that it closed its previously announced $500,000 private placement. Tuscany has issued 1,282,051 common shares of the Corporation on a flow-through basis pursuant to the Income Tax Act at a price of $0.39 per common share for total consideration of $500,000. Tuscany will renounce to the subscribers of the common shares effective on or before December 31, 2013, Canadian Development Expense in an amount equal to the aggregate gross proceeds of the offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=1861308&sourceType=3 |
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