Tenke Mining Corp (TNK) Message Board

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Gold/Mining/Energy : Tenke Mining Corp (TNK)

TNK 53.84

-1.0%

Dec 23 3:59 PM EST

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To: Gunnar who started this subject	9/10/2001 2:30:26 PM
From: Greywolf	of 486

Private Placement, VANCOUVER, BRITISH COLUMBIA--Tenke Mining Corp. (the ``Company'') announces that it has agreed to sell on a private placement basis up to an aggregate of 2,000,000 million units in the capital stock of the Company at a price of CDN$0.50 per unit for gross proceeds of CDN$1,000,000. Each unit shall consist of one common share and one-half of a share purchase warrant. Each whole warrant is exercisable over a two year period at CDN$0.55 the first year and CDN$0.60 the second year. Net proceeds of the private placement will be used for working capital purposes. The foregoing private placement is subject to regulatory approval.

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