Orezone Gold Corporation press release
Tan Range Chairman to provide C$1 million private placement
TSX - Toronto Stock Exchange · Gold · Silver · Canada
VANCOUVER, June 20 /CNW/ - Tan Range Exploration Corporation announces that Mr. James E. Sinclair has agreed to provide C$1 million by way of a private placement with the proceeds being applied to a significant exploration program including a major drilling component on several of its mineral properties in Tanzania. Mr. Sinclair has agreed to fund the exploration program through the purchase of 819,000 common shares at a purchase price of C$1.221 per share for proceeds totaling C$1,000,000. The price reflects the weighted average trading price of the Company's shares for the five consecutive trading days ended June 17, 2005. The placement common shares are subject to certain mandated hold periods and the certificates representing such shares are legended accordingly. No warrants, options or other rights have been issued or granted in connection with this placement. The private placement is subject to Regulatory approval.
On Behalf of the Board of Directors "James E. Sinclair" James E. Sinclair Chairman and Chief Executive Officer
Neither the Toronto Stock Exchange nor American Stock Exchange have reviewed and do not accept responsibility for the adequacy or accuracy of this release
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "measured", "indicated", and "inferred" "resources" that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-50634, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.