Tamerlane announces up to C$1.85 million non-brokered flow-through unit private placement

    BLAINE, WA, Dec. 24 /CNW/ - Tamerlane Ventures Inc. (TAM: TSX-V)
announces today that, subject to regulatory approval, it intends to complete a
non-brokered private placement of up to 3 million flow-through shares at
C$0.65 per unit, with each unit comprised of one flow-through share and a 1/2
warrant for a common share in the Company for gross proceeds of up to
C$1.85 million. Tamerlane will pay a finder's fee of 6% cash in respect of
investors introduced to the Company. All of the securities issued under this
private placement will be subject to a four-month hold period. The private
placement is expected to close no later than December 31, 2007.
    The proceeds of the private placement will be used for drilling and
grass-roots exploration at the Company's Pine Point zinc-lead property in the
Northwest Territories.
    "We are very pleased to be commencing its relationship with MineralFields
Group and the FrontierAlt Capital team" said Ross F. Burns, president of
Tamerlane. "This is an important milestone in the growth of Tamerlane and we
look forward to working with these groups as we develop our holdings in Pine
Point Property."

    "Ross F. Burns"
    President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this press

    Caution Concerning Forward-Looking Information

    This press release contains forward-looking information within the
meaning of applicable securities laws. We use words such as "may", "will",
"should", "anticipate", "plan", "expect", "believe", "estimate" and similar
terminology to identify forward-looking information. It is based on
assumptions, estimates, opinions and analysis made by management in light of
its experience, current conditions and its expectations of future developments
as well as other factors which it believes to be reasonable and relevant.
Forward-looking information involves known and unknown risks, uncertainties
and other factors that may cause our actual results to differ materially from
those expressed or implied in the forward-looking statements and accordingly,
readers should not place undue reliance on those statements. Risks and
uncertainties that may cause actual results to vary include but are not
limited to the speculative nature of mineral exploration and development,
including the uncertainty of reserve and resource estimates; operational and
technical difficulties; the availability to the Company of suitable financing
alternatives; fluctuations in zinc, lead and other resource prices; changes to
and compliance with applicable laws and regulations, including environmental
laws and obtaining requisite permits; political, economic and other risks
arising from our activities; fluctuations in foreign exchange rates; as well
as other risks and uncertainties which are more fully described in our annual
and quarterly Management's Discussion and Analysis and in other filings made
by us with Canadian securities regulatory authorities and available at

For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: bjones@tamerlaneventures.com, Phone: (360) 332-4653, Fax: (360)
332-4652, Website: www.tamerlaneventures.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890