Effective July 9, 2014, Tuscany Energy Ltd.'s short form prospectus dated July 9, 2014, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario securities commissions on July 9, 2014. The prospectus has been filed under Multilateral Instrument 11-102 passport system in British Columbia and Saskatchewan. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the instrument have been satisfied.
The TSX Venture Exchange has been advised that closing occurred on July 17, 2014, for gross proceeds of $3-million.
Agent: Acumen Capital Finance Partners Ltd.,
Industrial Alliance Securities Inc.,
Richardson GMP Ltd.
Offering: 4,286,000 common share units; each unit consists of one common share and one-half of one common share purchase warrant; 3,214,000 common shares issued on a flow-through basis
Share price: 40 cents per unit; 40 cents per flow-through share
Warrant exercise price/term: 50 cents per share for up to 12 months from date of issuance
Underwriters' commission: cash commission equal to 6 per cent of the gross proceeds of the offering
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