New Issue: Northern Tiger wraps C$1.1 million private placement of units, shares

By Devika Patel

Knoxville, Tenn., Aug. 18 - Northern Tiger Resources Inc. said it took in C$1.1 million in a private placement of units and shares on Aug. 17.

The company sold 1,825,000 flow-through class A common shares at C$0.20 apiece and 3.65 million units at C$0.20 per unit.

Each unit consists of one class A common share and one warrant. Each whole warrant will be exercisable at C$0.30 for two years.

Proceeds will be used to expand the company's drilling program at the Sonora Gulch site, where previous tests indentified amounts of gold, silver and copper.

The resource exploration company is based in Calgary, Alta.

Issuer:	Northern Tiger Resources Inc.
Issue:	Flow-through class A common shares, units of one class A common share and one warrant
Amount:	C$1,095,000
Price:	C$0.20
Settlement date:	Aug. 17
Stock symbol:	TSX Venture: NTR
Stock price:	C$0.18 at close Aug. 17
Market capitalization:	C$6.34 million
Shares
Amount:	C$365,000
Shares:	1,825,000
Warrants:	No
Units
Amount:	C$730,000
Price:	C$0.20
Units:	3.65 million
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.30

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