Tanzanian Royalty Exploration Corporation - Aggregate US$2.5 Million Private Placement Completes
Vancouver (ots/PRNewswire) - Tanzanian Royalty Exploration Corporation (TSX: TNX; AMEX: TRE) is pleased to announce that participation by Guild Investment Management, Inc, in the aggregate US$2.5 million private placement announced on February 3, 2006 has now closed.
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 and American Stock Exchange have not 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.
ots Originaltext: Tanzanian Royalty Exploration Corporation
Im Internet recherchierbar: http://www.presseportal.ch
For further information: please contact Investor Relations at
+1-800-811-3855; Visit our website:
www.TanzanianRoyaltyExploration.com; To request a free copy of this
organization's annual report, please go to http://www.newswire.ca and
click on Tools for Investors.