Tisdale Clean Energy Corp. Announces Private Placement and Option Grant
Tisdale Clean Energy Corp. ("Tisdale" or the "Company") (CSE: TCEC, OTCQB: TCEFF, FSE: T1KC), announces it will offer (the "Offering"), by way of non-brokered private placement, up to 6,666,667 units (each, a "Unit") at a price of $0.075 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company and one share purchase warrant exercisable at a price of $0.15 for a period of thirty-six months. The proceeds from the Offering will be used for general working capital purposes. In connection with completion of the Offering, the Company may pay finders' fees to eligible third parties that have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to any required regulatory approvals.
The Company also announces that it has granted 1,750,000 incentive stock options (the "Options") to certain directors, officers and consultants to the Company. The Options vest immediately and are exercisable at a price of $0.12 until July 23, 2029.
About Tisdale Clean Energy Corp.
Tisdale Clean Energy is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF TISDALE CLEAN ENERGY CORP.
"Alex Klenman"
Alex Klenman, CEO
For further information please contact:
Alex Klenman, CEO
Tel: 604-970-4330
info@tisdalecleanenergy.com
Tisdale Clean Energy Corp
Suite 2200, RBC Place, 885 West Georgia St.
Vancouver, BC V6C 3E8 Canada
www.tisdalecleanenergy.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
