Proceeds used for Yellowknife Gold Project, general corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 14 - Tyhee Gold Corp. said it plans a C$1.92 million non-brokered private placement of units.
The company will sell 8 units of 4 million common shares and 4 million warrants at C$240,000 per unit. Each warrant will be exercisable at C$0.10 for two years. The strike price is a 25% premium to the Aug. 13 closing share price of C$0.08.
Proceeds will be used to advance Tyhee's Yellowknife Gold Project and for general corporate purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Tyhee Gold Corp.
|
| Issue: | Units of 4 million common shares and 4 million warrants
|
| Amount: | C$1.92 million
|
| Units: | 8
|
| Price: | C$240,000
|
| Warrants: | 4 million warrants per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 14
|
| Stock symbol: | TSX Venture: TDC
|
| Stock price: | C$0.08 at close Aug. 13
|
| Market capitalization: | C$30.46 million
|
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