RE: When is Girard being invited?Maybe when he follows Sinclair's leadership. Oh I forgot, I guess he is not as well heeled. On the otherhand maybe he is not a true believer?
Since the announcement of Mr. Sinclair's intention to proceed with the
third tranche, Tan Range's share price has increased meaningfully. Tan
Range and Mr. Sinclair have agreed to reprice the third tranche to
reflect the current share price. The third tranche will consist of
90,405 common shares of the Corporation having a purchase price of
$4.148 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 for the period ended December 14,
2005. The third tranche private placement has now closed.
Inclusive of the proceeds of the $375,000 third tranche private
placement, Mr. Sinclair's total share placements to date aggregate
$7,025,000.
In addition to the $375,000 third tranche private placement, the
Company has received to date an additional $517,125 from Mr. Sinclair
representing payment in advance of future tranche private placements,
which are subject to regulatory approval.
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.