Target Capital announces bond closing

CALGARY, May 20 /CNW/ - Target Capital Inc. (TSX-V: TCI) announced the closing of a $1.9M private placement of bonds today.

As part of a previously announced effort to raise funds, Target Capital today closed $1,969,000 of bonds through private placement. Of this amount, $900,000 relates to previously issued bonds which are being redeemed and replaced with bonds under the new offering. The maximum offering under the Offering Memorandum is $3,000,000 and further closings may occur in the future. The proceeds from this offering will be used to replace existing bonds and fund operations of the company.

Information about Target Capital Inc. can be found at www.sedar.com.

SOURCE Target Capital Inc.

For further information: For further information: Craig Skauge, President, at (403) 261-8459, craig@targetcapitalinc.com


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