PIEDMONT, QC, May 14, 2020 /CNW Telbec/ - Typhoon
Exploration Inc. (TSXV: TYP) ("Typhoon") is proud to
announce a private placement of $190,000.
The private placement consists of issuance of 3,800,000 shares
at a price of $0.05 per share with
3,800,000 share purchase warrants. Each share purchase warrant
shall entitle its holder thereof to acquire one additional common
share of Typhoon at a price of $0.075
for a period of 12 months from the closing date.
No commission will be paid for this private placement and no
insiders has participates to this private placement.
All securities issued pursuant to the private placement are
subject to a four-month and one day hold period following closing.
The private placement is subjects to the final approval of the TSX
Venture Exchange.
Proceeds of the private placement will be applied toward meeting
short term operating working capital requirements.
Typhoon is a junior mining exploration company, the common
shares of which are listed on the TSX Venture Exchange
SOURCE Typhoon Exploration Inc.
