Tana Resources Corp. Announces $175,000 Financing

Executive Summary

• Tana Resources Corp. announced a non‑brokered private placement of up to 4,875,000 common shares at $0.04 per share, targeting gross proceeds of up to $175,000.
• Net proceeds are intended for working capital and general corporate purposes.
• The offering may be closed in one or multiple tranches, with no minimum size required, and is subject to a statutory hold period of four months plus one day.

Key Details

• Offering Size: Up to 4,875,000 common shares.
• Issue Price: $0.04 per share.
• Gross Proceeds Target: Up to $175,000.
• Use of Proceeds: Working capital and general corporate purposes.
• Closing Flexibility: No minimum number of shares or aggregate proceeds; the company may close in one or more tranches at its discretion.
• Regulatory Conditions: Closing subject to receipt of all required regulatory and corporate approvals, including Canadian Securities Exchange approval.
• Statutory Hold Period: Shares subject to a hold period of four (4) months plus one day from issuance under applicable securities legislation.
• U.S. Offering Restrictions: The securities are not registered in the United States and may not be offered or sold to U.S. persons absent an exemption.

Notable Quotes

• “We are pleased to announce this financing, which will provide us with additional capital to advance our exploration programs and support ongoing corporate initiatives.” – Vartan Korajian, President and CEO

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