By Sheri Kasprzak
New York, March 31 - Yankee Hat Minerals Ltd. said it has priced a C$1 million private placement.
The non-brokered deal includes up to 6,666,667 units at C$0.15 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.30 for six months.
Proceeds will be used for drilling and exploration on the company's gold and uranium properties. The remainder will be used for working capital.
Vancouver, B.C.-based Yankee Hat is a gold and uranium exploration company.
| Issuer: | Yankee Hat Minerals Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million (maximum)
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| Units: | 6,666,667 (maximum)
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| Price: | C$0.15
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Six months
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| Warrant strike price: | C$0.30
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| Placement agent: | Non-brokered
|
| Pricing date: | March 31
|
| Stock symbol: | TSX Venture: KHT
|
| Stock price: | C$0.16 at close March 30
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