By Devika Patel
Knoxville, Tenn., Dec. 10 - Yukon-Nevada Gold Corp. said it is once again increasing a non-brokered private placement of units, this time to C$3.99 million. The deal priced for C$600,000 on Nov. 4 and was lifted to C$3.97 million on Dec. 4.
The company will sell 79.8 million units at C$0.05 each. It originally 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 Gold 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$3.99 million
|
| Units: | 79.8 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, Dec. 10
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.04 at close Nov. 4
|
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