Tamerlane Ventures Inc. (TAM: TSX-V) announces that it has closed the second and final tranche of a private placement offering. The proceeds from this final tranche were $133,800 in Units. Each Unit, issued at C$0.30 per Unit, consists of One Common Share and One Common Share Purchase Warrant, which is exercisable into an additional Common Share of Tamerlane at C$0.40 for 18 months. Proceeds from the Units will be used for general working capital purposes.

Tamerlane paid a commission of 6.5% in cash and 6.5% in Broker Warrants. The Broker Warrants will have the same attributes as the Warrants set out above.

All of the securities issued under this financing will be subject to a four-month hold period.

On behalf of the Board of Directors,

“Ross F. Burns”

President & CEO

For further information, please contact:
Graham Eacott
Vice President, Investor Relations
Phone: (360) 312-9910
Fax: (360) 312-8549
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.