By Devika Patel
Knoxville, Tenn., Jan. 31 - Troon Ventures Ltd. settled a C$1.1 million private placement of units.
The company sold 4.4 million units of one common share and one warrant at C$0.25 apiece. Each whole warrant will be exercisable at C$0.31 until Jan. 28, 2010.
Proceeds will be used for exploration and general working capital.
Based in Vancouver, B.C., Troon is a resource exploration company.
| Issuer: | Troon Ventures Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.1 million
|
| Units: | 4.4 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Jan. 28, 2010
|
| Warrant strike price: | C$0.31
|
| Settlement date: | Jan. 31
|
| Stock symbol: | TSX Venture: TVN
|
| Stock price: | C$0.51 at close Jan. 30
|
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