Business
TARGA ANNOUNCES 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$500,000 (the "Offering"). The Offering will consist of the sale of hard dollar units of the Company (each, an "HD Unit") at a price of C$0.02 per HD Unit and flow-through shares of the Company (each, an "FT Share" and together with the HD Units, the "Units") at a price of C$0.02 per FT Share.
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 7, 2025 /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$500,000 (the "Offering"). The Offering will consist of the sale of hard dollar units of the Company (each, an "HD Unit") at a price of C$0.02 per HD Unit and flow-through shares of the Company (each, an "FT Share" and together with the HD Units, the "Units") at a price of C$0.02 per FT Share.","length":560,"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/9c2649da36a18d6618b4e3da0c06d5ae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/df4MXxngsq4LCcDyXB1rnQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxMjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/9c2649da36a18d6618b4e3da0c06d5ae","width":400,"height":120}},"href":"https://mma.prnewswire.com/media/2681121/Targa_Exploration_Corp__TARGA_ANNOUNCES_NON_BROKERED_PRIVATE_PLA.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each HD Unit will consist of one common share of the Company (each, a "Share") and one-half of a common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a "Warrant Share") at a price of C$0.06 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$0.08 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 re...