By Laura Lutz
Des Moines, Aug. 17 - Yukon Gold Corp., Inc. raised C$1,145,180 from its previously announced C$2.8 million private placement of units and flow-through shares.
The placement consists of non flow-through units at C$0.45 apiece and flow-through units at C$0.52 apiece. The total number of each type of unit has not been not announced.
The first tranche consisted of 1,916,666 non flow-through units and 543,615 flow-through units.
Northern Securities Inc., the underwriter, has a greenshoe for up to C$500,000. The greenshoe is exercisable until Oct. 15.
Each non flow-through unit consists of one non flow-through share and one half-share non flow-through warrant with whole warrant exercisable at C$0.60 for two years.
Each flow-through unit consists of one flow-through share and one half-share non flow-through warrant with each whole warrant exercisable at C$0.70 for two years.
Proceeds will be used for exploration and development and for working capital.
The placement priced on June 20 with a size of C$2 million offering of non flow-through units at .C$0.45 each and flow-through shares at C$0.60 each.
It was amended to its current terms on July 24.
Settlement of the rest of the placement depends on shareholder approval.
Yukon Gold is a Toronto-based mineral exploration and development company.
| Issuer: | Yukon Gold Corp., Inc.
|
| Issue: | Units of one non flow-through share and one half-share non flow-through warrant; units of one flow-through share and one half-share non flow-through warrant
|
| Amount: | C$2.8 million
|
| Underwriter: | Northern Securities Inc.
|
| Pricing date: | June 20
|
| Upsized: | July 24
|
| Settlement date: | Aug. 17 (for C$1,145,180)
|
| Stock symbol: | Toronto: YK
|
| Stock price: | C$0.51 at close June 20
|
| Stock price: | C$0.40 at close July 24
|
| Stock price: | C$0.36 at close Aug. 16
|
|
|
| Non flow-through units
|
| Price: | C$0.45
|
| Warrants: | One half-share non flow-through warrant
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
|
|
| Flow-through units
|
| Price: | C$0.52
|
| Warrants: | One half-share non flow-through warrant
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.70
|
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