Troubadour Resources Inc. is pleased to announce that it has closed the first tranche of a non-brokered private placement , which aims to raise a total of up to $2,000,000 through the issuance of up to 9,523,809 common shares in the capital stock of the Company , issued on a flow-through basis pursuant to the Income Tax Act , at a price of $0.21 per Share. The Private Placement will be conducted pursuant to prospectus exemptions. The closing of the Private Placement will occur in multiple tranches, the exact number to be determined by the Company, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including final approval from the TSX Venture Exchange. The Company may pay eligible finders a cash fee of up to 7 percent ...