By Devika Patel
Knoxville, Tenn., Feb. 12 - Yukon-Nevada Gold Corp. said it plans a non-brokered private placement of units for C$1.7 million.
The company will sell 28,333,333 units at C$0.06 each.
Each unit consists of one common share and one warrant. The warrant is exercisable at C$0.08 for two years.
Proceeds will finance the operations at the Jerritt Canyon property during the pre-startup phase as well as fund the necessary capital improvements required to the mill facility.
Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.7 million
|
| Units: | 28,333,333
|
| Price: | C$0.06
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.08
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 12
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.075 at close Feb. 12
|
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