By Devika Patel
Knoxville, Tenn., July 24 - Yukon Gold Corp. said it raised C$620,100 in the first tranche of a C$1 million non-brokered private placement of shares.
The company plans to sell flow-through common shares at C$0.15 apiece. It sold 4,134,000 shares in this tranche.
Proceeds will be used for program expenditures on the Marg property and the Mount Hinton property.
Yukon Gold is a Toronto-based mineral exploration and development company.
| Issuer: | Yukon Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | July 24 (for C$620,100)
|
| Stock symbol: | Toronto: YK
|
| Stock price: | C$0.14 at close June 23
|
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