Tamerlane Ventures, Inc. (TSXV:TAM) announced a non-brokered private placement of up to 30,000,000 flow-through shares at CAD 0.05 per share for gross proceeds of up to CAD 1,500,000 on December 20, 2012. The shares will be issued on best efforts basis. The securities issued shall be subject to a four month hold period. The transaction is expected to close by the end of December 2012.

On December 28, 2012, Tamerlane Ventures, Inc. closed the transaction. The company issued 3,200,000 shares for gross proceeds of CAD 160,000. The company did not issue any warrants and did not pay any finders' fee for the tranche.