Business
TARGA ANNOUNCES $3,000,000 NON-BROKERED PRIVATE PLACEMENT
Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced a non-brokered private placement for gross proceeds of up to C$3,000,000 (the "Offering"). The Offering will consist of the sale of units of the Company (each, a "Unit") at a price of C$0.25 per Unit.
About this update from Targa Exploration Corp.
[{"type":"text","content":"/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"CSE: TEX | OTCQB: TRGEF | FRA: V6Y","length":34,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Jan. 30, 2026 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced a non-brokered private placement for gross proceeds of up to C$3,000,000 (the "Offering"). The Offering will consist of the sale of units of the Company (each, a "Unit") at a price of C$0.25 per Unit.","length":386,"tagName":"p"},{"type":"image","alt":"Targa Exploration Corp. logo (CNW Group/Targa Exploration Corp.)","displaySize":"","headline":null,"caption":"Targa Exploration Corp. logo (CNW Group/Targa Exploration Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":120,"url":"https://media.zenfs.com/en/cnwgroup.com/d095e06c86c9d53b5f66870d1fae8314"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lo.EfDL2XgNINOAzXqHx3Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxMjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/d095e06c86c9d53b5f66870d1fae8314","width":400,"height":120}},"href":"https://mma.prnewswire.com/media/2873772/Targa_Exploration_Corp__TARGA_ANNOUNCES__3_000_000_NON_BROKERED.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each Unit will consist of one common share of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a "Warrant Share") at a price of C$0.50 per Warrant Share until the date which is 24 months following the Closing Date (as defined below), subject to an acceleration clause. If the 10-day volume-weighted average trading price of the Shares as quoted on the Canadian Securities Exchange is equal to or greater than C$0.90 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release (a "Warrant Acceleration Press Release") announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Rel...