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Tan Range Chairman Completes His Participation in Aggregate US$2.5 Million Private Placement
Vancouver, Canada (ots/PRNewswire) - Tan Range Exploration Corporation (TSX: TNX) confirms that the private placement by Mr. Sinclair, Chairman and CEO, announced on February 3, 2006, for 183,440 common shares at a price of C$7.844 per share has now closed.
Inclusive of the proceeds of this private placement, Mr. Sinclair's total share placements to date aggregate C$8,838,903.
The private placement common shares are subject to certain mandated hold periods and resale restrictions 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.
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
The Toronto Stock Exchange nor American Stock Exchange have not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US 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 US registered companies from including in their filings with the SEC. US 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.
ots Originaltext: Tan Range Exploration Corporation
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For further information: Investor Relations at 1-800-811-3855