By Sheri Kasprzak
Atlanta, May 18 - Tenajon Resources Corp. said it plans to raise C$1 million in a private placement.
The offering includes 4 million flow-through shares at C$0.25 each.
Based in Vancouver, B.C., Tenajon is a mineral exploration company. The proceeds will be used for exploration on the company's Summit Lake and Ajax properties in British Columbia.
| Issuer: | Tenajon Resources Corp.
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| Issue: | Flow-through shares
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| Amount: | C$1 million
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| Shares: | 4 million
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| Price: | C$0.25
|
| Warrants: | No
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| Pricing date: | May 17
|
| Stock price: | C$0.245 at close May 17
|
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