Tan Range CEO plans to invest C$3 million in new private placement

By Sheri Kasprzak

Atlanta, Jan. 14 - Tan Range Exploration Corp.'s chief executive officer James Sinclair said he plans to invest an additional C$3 million in a new private placement for the company.

The offering will be conducted in eight quarterly tranches of C$375,000 each and will begin on Feb. 1.

The pricing of the tranches will be based on the weighted average trading price of the company's shares for five consecutive trading days before the quarterly period ends.

Sinclair is currently in the midst of wrapping up a separate private placement with Tan Range for up to C$3 million. That offering has been conducted over 24 tranches.

Tan Range is a Vancouver, B.C.-based gold exploration company.

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