Mr. Vartan Korajian reports
TANA RESOURCES CORP. ANNOUNCES $175,000 FINANCING
Tana Resources Corp. intends to complete a non-brokered private placement of up to 4,375,000 common shares of the company at an issue price of four cents per share, for gross proceeds of up to $175,000. In its discretion, the company may increase or decrease the size of the offering in accordance with the policies of the Canadian Securities Exchange.
The company intends on using the net proceeds from the offering for working capital and general corporate purposes.
There is no minimum number of shares or minimum aggregate proceeds required to close the offering, and the company may, at its discretion, elect to close the offering in one or more tranches.
The securities issued pursuant to the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the offering and the issuance of the shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange.
About Tana Resources Corp.
Tana Resources is a Canadian mining exploration company focused on the acquisition and development of high-value mining projects. The company's objective is to build shareholder value through the acquisition of projects with significant technical merit. The company's management team has many years of experience in exploration, finance and efficient public company management.
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