NR gives confidenceTan Range Chairman Expresses Confidence in Future With Minimum $1.5 Million Share Purchase Commitment
2/4/03
TRADE SYMBOL TSX: TNX
VANCOUVER, Feb 04, 2003 (Canada NewsWire via COMTEX) --
James E. Sinclair, Chairman and CEO of Tan Range Exploration, announces his intention to acquire shares in the Company on a private placement basis representing a minimum value of $1.5 million and a maximum value of $3 million over the next 24 months.
The shares will be purchased from time to time at the closing market price for that particular day without warrants or any other consideration.
"This is my way of showing my firm commitment to Tan Range and its management team who have laid the foundation for a future that is certain to reward all of its shareholders," said Sinclair.
Tan Range President, Marek Kreczmer, noted that Sinclair's commitment to the Company "has remained steadfast since he acquired his share position in Tan Range last April and his latest investment reflects the high ownership standards he sets for himself and the members of his management team."
On behalf of the Board of Directors
Marek J. Kreczmer, M.Sc., P.Eng.
President
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: https://www.newswire.ca/cgi-bin/inquiry.cgi?OKEY=68337
For further information: please contact Investor Relations at
1-800-811-3855; Visit the Tan Range website: www.tanrange.com;
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https://www.newswire.ca and click on reports(at)cnw.
News release via Canada NewsWire, Vancouver 604-669-7764
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