Last checked at 16 Feb 2015 07:00
TANGIERS PETROLEUM LIMITED - ProspectusTANGIERS PETROLEUM LIMITED - Prospectus
PR Newswire
London, February 16
16 February 2015 TANGIERS PETROLEUM LIMITED Prospectus Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or "the Company")would like to advise that it has lodged a Prospectus for the offer of up to600,000,000 new shares ("Shares") at an issue price of A$0.01 per Share toraise up to A$6,000,000, with a minimum subscription of A$3,500,000, togetherwith one (1) free attaching listed Option (exercisable at A$0.02 each andexpiring 3 years from the date of issue) for every two (2) Shares subscribedfor (the "Offer"). The Company reserves the right to accept oversubscriptions of up to a further91,319,338 Shares at an issue price of A$0.01 per Share to raise up to afurther A$913,193, together with one (1) free attaching listed Option(exercisable at A$0.02 each and expiring 3 years from the date of issue) forevery two (2) Shares subscribed for. The maximum amount that may be raisedunder the Offer is therefore A$6,913,193 before the costs of the Offer. A copy of the Prospectus is available on the Company's website atwww.tangierspetroleum.com. DAVID WALLManaging DirectorTangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com Contacts RFC Ambrian LimitedAs Nominated AdviserMr Oliver Morse / Ms Trinity McIntyre+61 8 9480 2500