TVN Corp announcement re shares placement at 0.02 c

So for those who hold TVN, there is now an opportunity to get more shares at .02c. This is to help fund the aquisition of the mongolian thermal coal project. see below.


"TVN Corporation has placed 76 million shares at USD 0.02 to raise USD 1.52 million to fund the 100% acquisition of the Nuurst Thermal Coal Project in Mongolia.

The acquisition though is still subject to completion of due diligence and shareholder approval.

Nuurst has an exploration target of 50 million tonnes to 100 million tonnes of thermal coal with a calorific value range Qdaf 6200 to 6800 kilocalories per kilogram.

What is so fascinating about exploration and geological understanding in Mongolia is the lack of it with estimation that only three quarters of the country has been mapped to a scale of 1:200,000.

The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.

The best part for the junior coal explorers in Mongolia is the country location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.

Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes".

(Sourced from www.proactiveinvestors.com.au)

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