By Laura Lutz
Washington, Feb. 15 - Tajzha Ventures Ltd. plans to conduct a private placement of units for up to C$1 million.
The company intends to sell some combination of non flow-through units at C$0.35 per unit and flow-through units at C$0.40 per unit.
Each non flow-through unit will consist of one non flow-through share and one warrant with each warrant exercisable at C$0.525 for one year.
Each flow-through unit will consist of one flow-through share and one warrant with each warrant exercisable at C$0.60 for one year.
Settlement is expected on Feb. 23.
Proceeds of the non-brokered placement will be used for exploration.
Tajzha is an oil and gas company based in Calgary, Alta.
| Issuer: | Tajzha Ventures Ltd.
|
| Issue: | Units of one flow-through share and one warrant; units of one non flow-through share and one warrant
|
| Amount: | C$1 million
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 23
|
| Stock symbol: | TSX Venture: TJZ
|
| Stock price: | C$0.34 at close Feb. 14
|
|
|
| Flow-through units
|
| Price: | C$0.35
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.525
|
|
|
| Non flow-through units
|
| Price: | C$0.40
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
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