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TARGA ANNOUNCES NEW, LARGER PRIVATE PLACEMENT OF UP TO $2.6M AND SHARE CONSOLIDATION
Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced a new, larger non-brokered private placement for gross proceeds of up to C$2,600,000 (the "New Offering") and the cancellation of the previously announced private placement announced on May 7th, 2025 (the "Old Offering"). In conjunction with the New Offering, the Company is proposing to implement a share consolidation on the basis of one (1) post-consolidation share for every five (5) pre-cons
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":99,"tagName":"p","attribs":{}},{"type":"text","content":"CSE: TEX | OTCQB: TRGEF | FRA: V6Y","length":34,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, May 13, 2025 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced a new, larger non-brokered private placement for gross proceeds of up to C$2,600,000 (the "New Offering") and the cancellation of the previously announced private placement announced on May 7th, 2025 (the "Old Offering"). In conjunction with the New Offering, the Company is proposing to implement a share consolidation on the basis of one (1) post-consolidation share for every five (5) pre-consolidation shares (the "Consolidation").","length":630,"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/70b71537ad3d09146165446d4af3705b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0sRFs.pblgQtA0WPkLh6LQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxMjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/70b71537ad3d09146165446d4af3705b","width":400,"height":120}},"href":"https://mma.prnewswire.com/media/2685979/Targa_Exploration_Corp__TARGA_ANNOUNCES_NEW__LARGER_PRIVATE_PLAC.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Consolidation","length":17,"tagName":"p"},{"type":"text","content":"The Company is proposing to consolidate the Company's issued and outstanding common shares on the basis of one (1) new common share for every five (5) old common shares outstanding.","length":185,"tagName":"p"},{"type":"text","content":"The Company currently has 103,419,328 issued and outstanding common shares and on the completion of the Consolidation there is expected to be approximately 20,683,865 issued and outstanding common shares, subject to rounding, exclusive of the Shares issued in the New Offering. The Consolidation is subject to regulatory approval.","length":330,"ta...