CALGARY, ALBERTA--(Marketwired - Sept. 5, 2014) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) advises that pursuant to a non-brokered private placement, the Corporation will issue 3,437,500 units at a price of $0.08 per share for gross proceeds of $275,000. Each Unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant entitles its holder thereof to purchase one additional common share in the capital of Tanager for a period expiring on October 5, 2016, at an exercise price of $0.15 per common share. The shares issued in connection with the private placement will be subject to a four month hold period. The funds will be used for oil and gas development and general corporate purposes.
The Private Placement which is non-brokered is scheduled to close on or before October 5, 2014 and is subject to the normal approvals by the TSX Venture Exchange.
Tanager Energy Inc. is a Lethbridge, Alberta based corporation engaged in the exploration for oil and gas and minerals, with an operations office in Calgary, Alberta. 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.