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Tahera Closes Previously Announced $13 Million Private Placement |
09/05/2000 |
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Dundee Converts $950,000 Of Principal Amount Debenture Into Shares
Tahera Corporation ('Tahera') is pleased to announce the first closing of the previously announced private placement with Edensor Nominees Limited ('Edensor'). Tahera has issued 23,070,433 Common Shares at a price of $0.118 per share for proceeds of $2,722,311. Tahera has also issued 11,535,217 Series A Warrants and 11,535,217 Special Warrants to Edensor.
The second closing will take place after the Shareholders' meeting, scheduled to be held on September 27, 2000.
Three debentures in the aggregate principal amount of $800,000 previously issued by Tahera to Edensor, have been converted into 6,485,874 Common Shares at an average price of $0.123.
In a separate transaction, Dundee Precious Metals Inc. has converted $950,000 of the principal amount of the previously issued secured convertible debenture into 7,600,000 Common Shares and 3,800,000 Series A Warrants.
Joseph Gutnick Appointed Non-Executive Chairman
Mr. Joseph Gutnick has been appointed a Director and Non-Executive Chairman of Tahera. Mr. Gutnick, one of Australia's leading mining entrepreneurs, is currently Chairman and Managing Director of eight
publicly listed Australian and United States companies.
Tahera is also pleased to announce that Mr. David Gold and Mr. Glenn Laing have been elected Directors. The remaining Directors of Tahera Corporation are Mr. Howard Miller (President and CEO), Mr. Roy Meade (Executive Director), Mr. Robert Dickson, Mr. John Kearney, Mr. Paul Carroll and Mr. Patrick Lavelle.
CONTACT: TEL: (416) 777-1998 Grant Ewing, V.P., I.R. & Corporate
FAX: (416) 777-1898 Development, Tahera
Email: investor@tahera.com
WEBSITE: www.tahera.com
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