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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1066)	4/27/2013 9:47:46 AM
From: Goose94	Read Replies (1) \| Respond to of 203656

Treasury Metals (TML-T) completes $1.17-million first tranche, second tranche $1.77 million expected closed April 30, 2013 April 26, 2013 - News Release Treasury Metals Inc. has completed the first tranche of a non-brokered private placement. The placement consisted of 2,608,332 units of the company at a price of 45 cents per unit for total gross proceeds of $1.17-million. A second tranche of the offering, consisting of 1,195,000 flow-through shares at a price of 50 cents per flow-through share, is expected to close on or about Tuesday, April 30, 2013. The total proceeds of the offering are expected to be $1.77-million. Each unit consists of one common share in the company and one-half of one common share purchase warrant of the company exercisable for a period of 36 months from the closing date. Each whole warrant shall be exercisable into one common share of the company at 75 cents per share. The units and flow-through shares will be subject to a four-month hold period under applicable securities laws in Canada. The net proceeds raised through the offering will be for the advancement of the company's Goliath gold project, including completion of an environmental impact statement, and for general working capital purposes. The offering was primarily sold to investors in Canada and Europe. The company paid finders' fees of 7 per cent cash commission to certain parties with respect to service provided in connection with the offering. A material change report in connection with the private placement will be filed less than 21 days before the closing of the private placement. This shorter period is reasonable and necessary in the circumstances as the company wished to complete the private placement in a timely manner. We seek Safe Harbor.