By Sheri Kasprzak
New York, Oct. 3 - Tango Energy Inc. said it has priced a C$10 million private placement.
The company plans to sell up to 10 million flow-through shares at C$1.00 each.
Acumen Capital Finance Partners Ltd. is the placement agent for the offering, which is expected to close Oct. 20.
Proceeds will be used to pursue acquisitions in Alberta.
Based in Calgary, Alta., Tango is an oil and natural gas exploration company.
| Issuer: | Tango Energy Inc.
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| Issue: | Flow-through shares
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| Amount: | C$10 million (maximum)
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| Shares: | 10 million (maximum)
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| Price: | C$1.00
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| Warrants: | No
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| Placement agent: | Acumen Capital Finance Partners Ltd.
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 20
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| Stock price: | C$0.90 at close Oct. 3
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