By Devika Patel
Knoxville, Tenn., Dec. 4 - Yukon-Nevada Gold Corp. announced it is increasing a non-brokered private placement of units to C$3.97 million. The deal priced for C$600,000 on Nov. 4.
The company will sell 79.3 million units at C$0.05 each. It had planned to sell 12 million units.
Each unit consists of one common share and two warrants. One warrant is exercisable at C$0.07 for one year and the other at C$0.09 for 18 months.
Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Units of one common share and two warrants
|
| Amount: | C$3,965,000
|
| Units: | 79.3 million
|
| Price: | C$0.05
|
| Warrants: | Two warrants per unit
|
| Warrant expiration: | One year, 18 months
|
| Warrant strike price: | C$0.07, C$0.09
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 4
|
| Upsized: | Dec. 4
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.04 at close Nov. 4
|
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