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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Greywolf who wrote (322)	1/9/2001 9:11:12 AM
From: Tomas	Read Replies (1) \| Respond to of 500

Tanganyika oil issue - Financial Post, January 9 With files from news services VANCOUVER - Tanganyika Oil Company Ltd. (TYK/CDNX) has completed and has received regulatory acceptance of the private placement of 800,000 units at a price of $2 per unit for gross proceeds of $1.6-million. Each unit consists of one common share and one-half of a non-transferable share purchase warrant. Each whole warrant is exercisable into one common share at a price of $2.10 per share over a two-year period. The net proceeds of the private placement will be used for working capital purposes. The securities have now been issued to investors.