By Devika Patel
Knoxville, Tenn., April 13 - Tanzanian Royalty Exploration Corp. said that James E. Sinclair, the company's chairman, has agreed to complete another C$1.5 million private placement of shares.
Sinclair will buy 248,139 common shares at C$6.045 per share.
Proceeds will be used for working capital.
Tanzanian Royalty is a gold exploration company based in South Surrey, B.C.
| Issuer: | Tanzanian Royalty Exploration Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.5 million
|
| Shares: | 248,139
|
| Price: | C$6.045
|
| Warrants: | No
|
| Investor: | James E. Sinclair
|
| Pricing date: | April 10
|
| Stock symbol: | Toronto: TNX
|
| Stock price: | C$4.90 at close April 9
|
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