Tigray Resources Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Tigray Resources Inc Announces $2 Million Non-Brokered Private Placement
Tigray Resources Inc announced that it is undertaking a non-brokered private placement financing of up to 10 million units (the units) at a price of $0.20 per unit, for gross proceeds of up to $2 million (the offering). Each unit comprises one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will allow the holder to purchase one common share of the Company at an exercise price of $0.40 for a period of 24 months from the date of closing, subject to acceleration as described below. Proceeds from the offering will be used for exploration on the Company's Harvest project and other exploration properties in Ethiopia, as well as for working capital purposes.
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