Rochester, NY 9/1/2009 5:37:22 PM
Tanzanian Royalty Exploration Corp.,TRE, Up by 0.12 cents Last Trading
Tanzanian Royalty Exploration Corp.
Tanzanian Royalty Exploration Corp. announced that it has entered into a private placement subscription agreement for $1,000,000 with Van Tongeren Management LLC (the Placee).
The subscription, first initiated by the Placee on May 5, 2009, is for 340,020 common shares at a price of $2.941 per share, representing the five-day weighted average trading price of the common shares on the Toronto Stock Exchange for the period ended May 5, 2009 less a discount of 15%.
Whisperfromwallstreet.com is a FREE award winning newsletter dedicated to uncovering stocks that are about to move. Please click here to join now.
Last Trade: 3.14
Day's Range: N/A - N/A
52wk Range: 0.00 - 5.29
Change: 0.00 (0.00%)
Volume: 0
Avg Vol (3m): 269,823
ABOUT Tanzanian Royalty Exploration Corporation
Tanzanian Royalty Exploration Corporation is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties, including the optioning out of properties for pre-production option payments and royalties on future gold production. All of the Company’s concessions are located in Tanzania. The Itetemia property is located in the Mwanza region of the Lake Victoria Archean Greenstone Belt, some 90 kilometers southwest of Mwanza, Tanzania. The Company’s Luhala property consists of six licenses totaling 75.76 square kilometers. The Kigosi property consists of 20 prospecting licenses. The Lunguya property consists of nine prospecting licenses. The Company’s Kanagele property consists of 11 prospecting licenses. The Company’s Tulawaka property consists of 11 prospecting licenses.
ABOUT WhisperFromWallStreet.com
WhisperFromWallStreet.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
WhisperFromWallStreet.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://WhisperFromWallStreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
