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Tahera Corporation Arranges $2 Million Flow-through Financing |
06/13/2003 |
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Toronto – June 13, 2003
Tahera Corporation is pleased to announce that it has arranged a $2 million financing by way of two private placements of flow-through common shares. Dundee Securities Corporation and Middlefield Securities Limited will act as agents. Each flow-through common share will have a subscription price of $0.14 per share, resulting in a total of 14,285,714 flow-through common shares being issued. Tahera will utilize the proceeds from the private placements to fund exploration and development activities with respect to its diamond projects in Nunavut and the Northwest Territories. The financing is subject to regulatory approval.
About Tahera Corporation
Tahera Corporation (www.tahera.com) is a unique Canadian diamond Company in that it has a positive feasibility study completed on an advanced-stage diamond project. Tahera is focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT and NUNAVUT'S FIRST DIAMOND MINE. Tahera has several other prospective diamond projects in Canada's prolific Slave Craton, including the Rockinghorse Property joint venture, where the significantly diamondiferous Anuri kimberlite occurs. The common shares of the Company trade on the Toronto Stock Exchange under the symbol 'TAH'.
For further information:
Tahera Corporation
Grant Ewing - Vice President, Investor Relations & Corporate Development
Tel: (416) 777-1998 Fax: (416) 777-1898 Toll free: (877) 777-2004
Email: investor_relations@tahera.com
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