Typhoon Closes $135,000 Private Placement
20 Dezember 2019 - 9:03PM
Typhoon Exploration Inc
. (“Typhoon”), (TSX-V: TYP)
announces the closing of a private placement of: $135,000.
The private placement consists of issuance of
2,700,000 shares at a price of $0.05 per share, with 2,700,000
share purchase warrants. Each share purchase warrant shall entitle
its holder thereof to acquire one additional common share of
Typhoon at a price of $0.10 for a period of 12 months from the
closing date.
No commission will be paid for this private
placement.
All securities issued pursuant to this private
placement are subject to a four month and one day hold period
following closing. The private placement is subject to the final
approval of the TSX Venture Exchange.
Proceeds of the private placement will be
applied toward meeting short term operating working capital
requirements.
For more information
Michel LemayChief Financial OfficerTyphoon
Exploration Inc.(450) 622-4066, ext. 203
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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