By Sheri Kasprzak
New York, Nov. 23 - Tri-Valley Corp. said it plans to raise $1 million in a private placement.
The offering includes 100,000 shares at $10.00 each.
The investors will also receive warrants for 33,333 shares, exercisable at $12.00 each for two years.
Based in Bakersfield, Calif., Tri-Valley is a precious metals exploration and development company.
| Issuer: | Tri-Valley Corp.
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| Issue: | Stock
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| Amount: | $1 million
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| Shares: | 100,000
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| Price: | $10.00
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| Warrants: | For 33,333 shares
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| Warrant expiration: | Two years
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| Warrant strike price: | $12.00
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| Pricing date: | Nov. 23
|
| Stock price: | $10.40 at close Nov. 22
|
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