CALGARY, ALBERTA--(Marketwired - March 19, 2014) - Tanager Energy Inc. ("Tanager") (TSX VENTURE:TAN) is pleased to announce that on February 24, 2014 the TSX Venture Exchange accepted for filing documentation with respect to the closing of a Brokered Private Placement announced December 24, 2013 and closed in tranches on January 16, 2014 and January 27, 2014.
| Number of Securities: | 5,000,000 share units ("Units") |
| Each Unit consists of one common share and one common share purchase warrant | |
| Purchase Price: | $0.05 per Unit |
| Warrants: | 5,000,000 share purchase warrants to purchase 5,000,000 shares |
| Warrant Exercise Price: | $0.10 until December 31, 2015 |
| Number of Placees: | 9 placees |
| Insider / Pro Group Participation: | ||
| Name | Insider=Y, | # of Units |
| John Squarek | Y | 2,400,000 |
| Finder's Fee: | None | |
Tanager Energy Inc. is a Lethbridge, Alberta based corporation engaged in the exploration for oil and gas and minerals. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
John Squarek BSc, P. Eng., MBA
President and Chief Executive Officer
403-388-0969
john@tanagerenergy.com