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News: TRL Tanga Resources Says Co Received Commitments For Two-Tranche Placement To Raise $7 Mln

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    28/09/20
    11:40
    Post #: 47673791

    Sept 28 (Reuters) - Tanga Resources Ltd (TRL) :

    • RECEIVED COMMITMENTS FOR TWO-TRANCHE PLACEMENT OF 233.3 MILLION SHARES AT 3.0 CENTS PER SHARE TO RAISE $7 MILLION
    • FUNDS FROM PLACEMENT WILL BE USED IN EXPLORATION AT CO'S JV INTERESTS IN CÔTE D'IVOIRE
    • APPOINTMENTED ANDREW PARDEY AS NON-EXECUTIVE CHAIRMAN
    • PARDEY REPLACES NIGEL LAFFERTY WHO HAS STEPPED DOWN FROM BOARD
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