By Sheri Kasprzak
New York, Feb. 23 - Tan Range Exploration Corp. said it has settled the seventh tranche of a private placement for C$1,438,903, bringing the total proceeds to C$8,838,903.
In the most recent tranche, the company sold 183,440 shares at C$7.844 each to its chief executive officer James Sinclair.
So far, Sinclair has purchased C$8,838,903 in the company's stock.
In 2004, Sinclair invested between C$1.5 million and C$3 million through 24 tranches of a private placement for Tan Range.
The proceeds will be used for exploration on the company's mineral properties in Tanzania.
Based in Vancouver, B.C., Tan Range is a gold exploration company.
| Issuer: | Tan Range Exploration Corp.
|
| Issue: | Stock
|
| Amount: | $1,438,903
|
| Shares: | 183,440
|
| Price: | $7.844
|
| Warrants: | No
|
| Investor: | James Sinclair
|
| Settlement date: | Feb. 23
|
| Stock symbol: | Amex: TRE
|
| Stock price: | $6.30 at close Feb. 23
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
