Replies to post #1225 on Canadian Oil

[Tackler]

Tajzha Ventures increases financing to $1.5-million

2007-07-10 13:30 MT - News Release

Mr. Ronnie Doman reports

TAJZHA INCREASES PRIVATE PLACEMENT UP TO $1,500,000

Due to the oversubscription of its non-brokered private placement announced in Stockwatch on May 28, 2007, Tajzha Ventures Ltd. has received conditional listing approval to increase the private placement by 2.5 million units of Tajzha at a subscription price of 30 cents per unit or 2,142,857 flow-through units at a subscription price of 35 cents per flow-through unit, or any combination of units and flow-through units, for additional gross proceeds of up to $750,000.

Accordingly, the maximum total private placement is up to five million units of Tajzha at a subscription price of 30 cents per unit or up to 4,285,714 flow-through units at a subscription price of 35 cents per flow-through unit, or any combination of units and flow-through units for maximum gross proceeds of up to $1.5-million. Please refer to Tajzha's press release in Stockwatch on May 28, 2007, for the terms of the units and the flow-through units.

During the course of 2007, Tajzha has:

* Closed the acquisition of a 75-per-cent working interest in a shut-in oil and gas property located in the Provost area in east-central Alberta;
* Signed a participation and option agreement to earn a 10-per-cent working interest in a natural gas test well in the Kotcho area of northeastern British Columbia that has been drilled to 2,056 metres to date, with an option to participate in further wells;
* Entered into an agreement with an arm's-length company to purchase producing oil and gas assets in the Davey Lake area of Alberta.