Tuscany Energy Ltd. (TSXV:TUS) announced a private placement of up to 2,272,727 flow-through common shares at CAD 0.44 per share for gross proceeds of up to CAD 1,000,000 on December 5, 2014. The company may pay a commission of 5.5% of the gross proceeds. The transaction is expected to close on or about December 10, 2014. The transaction is subject to approval from the TSX Venture Exchange. All securities issued will have a hold period of four months.

On December 11, 2014, Tuscany Energy Ltd. closed the transaction. The company issued 2,280,000 shares for gross proceeds of CAD 1,003,200 in the transaction. The company paid CAD 25,080 as finder's fees in the transaction. The securities issued are subject to a hold period expiring on April 11, 2015. The TSX Venture Exchange has accepted filing documentation with respect to the transaction. The transaction includes participation from two placees. Aggregate pro group subscribed P 1,140,000 shares. Acumen Capital Finance Partners Limited acted as finder to the company.