Non-brokered offering expected to finance Yellowknife Gold project
By Devika Patel
Knoxville, Tenn., Oct. 10 - Tyhee Gold Corp. said it raised C$225,000 in the second tranche of a C$4.73 million non-brokered private placement of units. The deal priced on Sept. 4 and raised C$225,000 on Sept. 7.
The company is selling 52,507,000 units of one common share and one warrant at C$0.09 per unit. It sold 2.5 million units in the first tranche and 2.5 million units in the second tranche.
Each two-year warrant is exercisable at C$0.125, a 38.89% premium to the Aug. 31 closing share price of C$0.09.
Proceeds will be used to advance the Yellowknife Gold project and for general corporate purposes.
The gold explorer is based in Vancouver, B.C.
Issuer: | Tyhee Gold Corp.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$4,725,630
|
Units: | 52,507,000
|
Price: | C$0.09
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.125
|
Agent: | Non-brokered
|
Pricing date: | Sept. 4
|
Settlement date: | Sept. 7 (for C$225,000), Oct. 10 (for C$225,000)
|
Stock symbol: | TSX Venture: TDC
|
Stock price: | C$0.09 at close Aug. 31
|
Market capitalization: | C$26.04 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.