TLC EXPLORATIONS INC. CLOSES AND REGISTERS PRIVATE PLACEMENT OF TREASURY SHARES - June, 2008
Management of TLC Explorations is pleased to announce that the private placement of treasury shares has been subscribed to, closed and registered with the appropriate Securities Regulators across Canada.
The placement was done to finance the ongoing exploration program on its Beardmore Geraldton Gold Camp properties and secure the first option on the gold/copper Majagual Concession in the Dominican Republic. The offering was very well received by the investment community. The financing consisted of units at $1.00 per unit. The units consisted of one share and one share purchase warrant. Each warrant is exercisable into common shares at $1.25 per share and will expire 6 months after closing.
Work on the Beardmore Geraldton Gold Camp (BGGC) property is commencing as scheduled with surface work to establish drilling targets progressing very well. The BGGC has attracted many mining companies and the area is one of the busiest in Canada at present. Kodiak Exploration Ltd. whose properties virtually surround TLC's have established multiple drill targets on their properties in the area and are employing at least 4 drills to try to extend their mineralization. TLC expects to have a busy summer exploration season and will keep all interested parties up to date on the progress.
For further Information contact:
Charles J. Elbourne, President
TLC Explorations Inc. E-mail:elbourne007@aol.com Phone: 416-849-1223
