By Devika Patel
Knoxville, Tenn., June 6 - Tamerlane Ventures Inc. said it plans to conduct a C$2 million non-brokered private placement of units.
The company will sell 2.5 million units of one common share and one half-share warrant at C$0.80 per unit. Each whole warrant is exercisable at C$1.00 for 18 months.
Tamerlane, a mining company based in Blaine, Wash., will use the proceeds on the company's Pine Point zinc-lead project in the Northwest Territories and for general corporate purposes.
| Issuer: | Tamerlane Ventures Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 2.5 million
|
| Price: | C$0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Pricing date: | June 6
|
| Stock symbol: | TSX Venture: TAM
|
| Stock price: | C$0.73 at close June 5
|
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