By Sheri Kasprzak
Atlanta, April 15 - YGC Resources Inc. said it has closed two private placements for total proceeds of C$9,601,270.
In a brokered offering, the company raised C$7,941,400 through the sale of 7,885,667 non flow-through units at C$0.60 each and 4,012,500 flow-through units at C$0.80 each.
The common-share units include one share and one half-share warrant. The whole warrants allow for an additional share at C$1.00 each for two years.
The flow-through units are comprised of one flow-through share and one half-share warrant. The whole warrants allow for an additional non flow-through share at C$1.00 each for two years.
Pacific International Securities Inc. was the placement agent in the brokered offering.
In the non-brokered private placement, the company sold 2,766,450 common-share units at C$0.60 each.
The common-share units include one share and one half-share warrant. The whole warrants allow for an additional share at C$1.00 each for two years.
Based in Vancouver, B.C., YGC is a gold mining and exploration company. The proceeds will be used for development on its Ketza River property in the Yukon and for general working capital.
| Issuer: | YGC Resources Ltd.
|
| Issue: | Common share units and flow-through units
|
| Amount: | C$7,941,400
|
| Placement agent: | Pacific International Securities Inc.
|
| Settlement date: | April 15
|
| Stock price: | C$0.50 on April 14
|
|
|
| Common share units
|
| Issue: | Common share units of one share and one half-share warrant
|
| Units: | 7,885,667
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
|
|
| Flow-through units
|
| Issue: | Flow-through units of one flow-through share and one half-share warrant
|
| Units: | 4,012,500
|
| Price: | C$0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
|
|
| Issuer: | YGC Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,659,870
|
| Units: | 2,766,450
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Settlement date: | April 15
|
| Stock price: | C$0.50 at close April 14
|
|
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