Tandem, N.A. Rare flow-through deals

Toronto-based Tandem Resources (ME) has arranged for a flow-through private placement of $250,000 with CMP 1990 Resource Partnership and Co. The placement is priced at the lesser of 30 cents or 95% of the average closing price of its shares for a 20-day period which began May 17. Also, Tandem’s 25% owned affiliate North American Rare Metals (ME) has also made arrangements for a private placement of flow-through shares with CMP 1990 for $300,000 at 33 cents per share.

In both cases, Canadian Exploration Incentive Program grants worth 30% of the amount spent at properties in the Moss Lake and Pickle Lake areas of northwestern Ontario will be assigned to CMP 1990.

Also, Tandem recently granted to three of its executive officers options to purchase 250,000 shares at 30 cents. The options were scheduled to expire May 10.