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Share Name | Share Symbol | Market | Type |
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TSXV:TAE | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TransAmerican Energy Inc. (TSX VENTURE:TAE)(FRANKFURT:YQJ) (the "Company") announces that it has closed the private placement announced in a News Release dated October 6, 2009. On October 27, 2009 the Company received acceptance from the TSX Venture Exchange to close the private placement. In accordance with the provisions of the Subscription Agreements, on October 27, 2009, the Company issued a total of 8,000,000 Units at $0.05 per Unit, each Unit consisting of one common share and one-half (1/2) share purchase warrant, each whole warrant entitling the holder to purchase one (1) additional common share at $0.10 per share on or before October 26, 2010. These shares and any shares issued on exercise of the warrants will be subject to a hold period under applicable Canadian securities laws expiring on February 28, 2010, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws. The Company also paid a total of $5,000 cash as finders' fees in connection with the private placement. ON BEHALF OF THE BOARD Ron Hughes, President
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