TransactionsCassels Brock Acts for Tigray Resources Inc. as It Closes a $5.25 Million Non-Brokered Private PlacementPublished: 09/28/2011 By Jennifer Hansen, Jennifer Traub Tigray Resources Inc. announced on September 22, 2011, that it closed its previously announced non-brokered private placement of 5,000,000 units at a price of $1.05 per unit for aggregate proceeds to Tigray of $5,250,000. Each unit is comprised of one common share and one non-transferable common share purchase warrant, each warrant exercisable for one additional common share until September 21, 2013 at a price of $1.50 per share until September 21, 2012, and $2.00 per share thereafter until September 21, 2013. Cassels Brock acted for Tigray Resources Inc. with a team that included Jennifer Traub (Securities & Mining), Jason MacIntosh (Securities & Mining) and Jennifer Hansen (Securities). |