Tierra Grande Resources Inc. Announces Private Placement of Shares
Mosman Park, Western Australia--(Newsfile Corp. - January 23, 2014) - Tierra Grande Resources Inc. (OTCQB: TGRI) (the "Company") announces today that, on November 28, 2013, it completed a private placement and sold 14,000,000 shares of the Company at a price of US$0.01 per share, raising a total of approximately US$140,000. No finder's fees were paid.
The shares have been placed primarily with various International investors. The funds raised will provide working capital and enable further exploration on existing projects.
About Tierra Grande Resources Inc.:
Tierra Grande Resources is an exploration stage company whose principal business is the acquisition and exploration of mineral resources. Information about the business of the company can be found in its filings with securities regulatory authorities.
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.
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