Tanzanian Royalty Chairman Completes Eighth Tranche of C$3 Million Private Placement and Advances C$1,117,000

Tanzanian Royalty Exploration Corporation confirms that the eighth tranche of the private placement (the “Placement”) by James E. Sinclair, the Company’s Chairman and CEO, announced on February 1, 2007 closed on February 13, 2007. The eighth tranche consists of 56,467 common shares of the Corporation having a purchase price of $6.641 per share for proceeds [...]

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