Tyranex Gold Inc. announces offering

Toronto-based Tyranex Gold has completed a private placement of 200,000 units, each unit comprising one company common share and one common share purchase warrant to purchase a single common share at $1 per share until July 31, 1989.

According to Tyranex, the private placement was subscribed for by a private Ontario corporation. The unit price was 75 cents and the private placement netted the company $150,000.