By Sheri Kasprzak
New York, Aug. 1 - Tanzanian Royalty Exploration Corp. announced the terms of its previously announced C$3 million private placement.
The company's chief executive officer, James Sinclair, intends to buy 44,664 shares at $8.396 each in the sixth tranche of the deal.
The company has already closed five tranches of the offering for proceeds of $1,875,000. The company intends to close another two tranches of the placement.
Tanzanian Royalty, formerly known as Tan Range Exploration Corp., is a gold exploration company based in Vancouver, B.C.
| Issuer: | Tanzanian Royalty Exploration Corp.
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| Issue: | Stock
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| Amount: | $375,000
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| Shares: | 44,664
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| Price: | $8.396
|
| Warrants: | No
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| Investor: | James Sinclair
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| Pricing date: | Aug. 1
|
| Stock symbol: | Amex: TRE
|
| Stock price: | $7.61 at close Aug. 1
|
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