Tanzanian Royalty Exploration Corporation announces that the $1,500,000
private placement with Mr. James E. Sinclair announced April 10, 2009
has closed. Mr. Sinclair purchased 248,139 common shares at a purchase
price of $6.045 per share.
Respectfully Submitted,
“James Sinclair”
James E. Sinclair
Chairman and Chief
Executive Officer
For further information, please contact Investor Relations at
1-800-811-3855
Visit our website: www.TanzanianRoyaltyExploration.com
The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and
do not accept responsibility for the adequacy or accuracy of this release
Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission limits disclosure for U.S. reporting purposes to
mineral deposits that a company can economically and legally extract or
produce. We use certain terms on this news release, such as “reserves”,
“resources”, “geologic resources”, “proven”, “probable”, "measured",
"indicated", or "inferred" which may not be consistent with the reserve
definitions established by the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 20-F, File No. 001-32500.
You can review and obtain copies of these filings from the SEC's
website at http://www.sec.gov/edgar.shtml.
Certain information presented in this release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on numerous assumptions, and
involve known and unknown risks, uncertainties and other factors,
including risks inherent in mineral exploration and development, which
may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such
forward-looking statements. Investors are referred to our
description of the risk factors affecting the Company, as contained in
our Form 20-F, File No. 001-32500, for more information concerning these
risks, uncertainties, and other factors.
Tanzanian Royalty Exploration Corporation
Connecticut
Office:
Tel: (860) 364-1830
Fax: (860) 364-0673
or
Vancouver
Office:
Toll Free: 1-800-811-3855
Tel: (604) 536-7873
Fax:
(604) 536-2529
investors@TanzanianRoyaltyExploration.com
www.TanzanianRoyaltyExploration.com
