SAH Sahara Energy Ltd

0.025

0.00 (0.00%)

08 Jul 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Sahara Energy Ltd	TSXV:SAH	TSX Venture	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.025	0.02	0.025				0	01:00:00

Sahara Energy Ltd.: Closing of Private Placement

13/12/2010 5:45pm

Marketwired Canada

Sahara Energy Ltd. (the "Corporation") (TSX VENTURE:SAH) announces that, further
to its press release dated December 6, 2010, it closed the final tranche of its
private placement (subject to regulatory approval) initially announced on June
8, 2010 (the "Private Placement").


Private Placement

The Corporation announces that in connection with closing of the final tranche
of the Private Placement, it has issued 10,000,000 common shares (on a
post-consolidation basis) of the Corporation (the "Common Shares") at a price of
$0.05 per share, for gross proceeds to the Corporation of $500,000. For acting
as financial advisors to the Corporation, Salman Partners Inc. was paid a cash
fee of $50,000 and was issued warrants entitling the holder to acquire 110,000
Common Shares of the Corporation at an exercise price of $0.05 per share until
December 10, 2011.


The Common Shares issued pursuant to the Private Placement are subject to a four
month hold period ending April 11, 2011.