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Tahera Corporation Announces A $2 Million Private Placement - Commencement Of Feasibility Study On The Jericho Diamond Project |
05/07/1999 |
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Tahera Corporation ("Tahera") is pleased to announce that it has entered into an agreement with Dundee Securities Corporation ("Dundee"), as Agent, for a private placement of up to 10 million flow through or common shares at $0.20 per share. As a placement fee, Dundee will receive 500,000 warrants, exercisable for an equal number of common shares until May 3, 2001 at $0.23 per share. Closing of the financing is subject to regulatory approval. In addition, Dundee Securities Corporation has been appointed as TaheraÕs financial advisor.
Tahera is commencing a feasibility study for the development of its wholly owned Jericho Diamond Project in Nunavut. The proceeds of the issue will be used to fund part of the feasibility study, as well as exploration and development activities, and for general corporate purposes.
The Toronto Stock Exchange neither approves nor disapproves of the information contained herein.
For further information, please contact:
Grant Ewing
VP Investor Relations and Corporate Development
Email: investor@tahera.com
Web site www.tahera.com
Tel: (416) 777-1998
Fax: (416) 777-1898
Toll Free: (877) 777-2004
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