By Laura Lutz
Washington, Dec. 21 - Tyhee Development Corp. settled a private placement of units for C$2,007,500.
The company sold 3.65 million units of one share and one half-share warrant at C$0.55 per unit. Each whole warrant is exercisable at C$0.65 for one year.
Blackmont Capital Inc. acted agent for the deal, which priced on Nov. 15
Proceeds will be used for exploration and development on the company's mineral properties.
Tyhee is a gold exploration company based in Vancouver, B.C.
| Issuer: | Tyhee Development Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,007,500
|
| Units: | 3.65 million
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.65
|
| Agent: | Blackmont Capital Inc.
|
| Pricing date: | Nov. 15
|
| Settlement date: | Dec. 21
|
| Stock symbol: | TSX Venture: TDC
|
| Stock price: | C$0.51 at close Nov. 14
|
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