Aug 26 (Reuters) - True North Gems Inc TGX.V :
* Secures US$4 million in financing for the aappaluttoq ruby project in sw
Greenland
* Says signed a share purchase and option agreement with Greenland venture
* Says Greenland venture will purchase 5,722,940 issued a-shares of the
company's operating subsidiary in Greenland
* Says following completion of the sale, True North will own 85.39% of the
issued and outstanding shares of tngg
* Says intends to use net proceeds of deal to finalize delivery and
installation of processing system developed for aappaluttoq project
* Source text for Eikon ID:nMKW9TPQGa
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