By Sheri Kasprzak
Atlanta, June 2 - Tenajon Resources Corp. said it has increased the size of its previously announced private placement to C$1.154 million from C$1 million.
The company will now sell 4,616,000 flow-through shares at C$0.25 each.
The deal was first announced May 17 as a C$1 million offering comprised of 4 million flow-through shares under the same terms.
Vancouver, B.C.-based Tenajon is a mineral exploration company. It plans to use the proceeds for exploration on its Summit Lake and Ajax properties in British Columbia.
| Issuer: | Tenajon Resources Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,154,000
|
| Shares: | 4,616,000
|
| Price: | C$0.25
|
| Warrants: | No
|
| Pricing date: | May 17
|
| Upsized: | June 1
|
| Stock price: | C$0.245 at close May 17
|
| Stock price: | C$0.245 at close June 1
|
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