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Tango Energy Inc. - Private placement increased to $7 million
Tango Energy Inc. - Private placement increased to $7 million.
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 3 /CNW/ - Tango Energy Inc. (the "Tango") announces the\ntotal maximum gross proceeds from the private placement offering ("Offering")\nincreased from $6,000,000 to $7,000,000. Tango has amended its agreement with\nAcumen Capital Finance Partners Limited regarding the Offering of units\n("Units") and common shares issued on a flow through basis ("Flow Through\nShares") announced on August 2, 2007. The maximum number of issuable Flow\nThrough Shares related to eligible Canadian Exploration Expense will remain at\n8,700,000 ($4,002,000) and the increased gross proceeds will be raised by\nissuing additional Units and Flow Through Shares related to eligible Canadian\nDevelopment Expense.\n\n\nThe proceeds of the Offering will be used to finance Tango's exploration\nand development program.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. Statements in\nthis regard may constitute forward looking statements. Such Forward looking\nstatements include risks, uncertainties, and other factors which may cause\nactual results, performance or achievements of Tango to be materially\ndifferent from any future results, performance, or achievements expressed or\nimplied by such forward looking statements. Tango does not undertake to update\nany of such forward looking statements.\n\n\n%SEDAR: 00017586E\n\n\n","length":1491,"tagName":"div"}]