This is an example of a Man putting his money where is mouth is...
The word is committment.
Regards
Tan Range Chairman Proceeds with Fourth Tranche of C$3 Million Private Placement
Thursday February 2, 1:53 pm ET
Trade Symbol: TSX: TNX AMEX: TRE
VANCOUVER, Feb. 2 /CNW/ - Tan Range Exploration Corporation advises that Mr. James E. Sinclair is proceeding with the fourth tranche of the private placement announced on January 13, 2005 whereby Mr. Sinclair agreed to purchase common shares of the Corporation representing an aggregate value of $3,000,000. Such shares are to be purchased in 8 quarterly tranches of $375,000 each, commencing February 1, 2006.
The fourth tranche will consist of 47,807 common shares of the Corporation having a purchase price of $7.844 per share for proceeds totaling $375,000. The purchase price reflects the weighted average trading price of the Corporation`s shares for the five consecutive trading days of the fourth tranche quarterly period ended January 31, 2006.
The private placement common shares are subject to certain mandated hold periods and resale restrictions and the certificates representing such shares are legended accordingly. No warrants, options or other rights have been issued or granted in connection with this placement.
Each tranche is subject to regulatory approval.
