By Devika Patel
Knoxville, Tenn., March 26 - Yukon-Nevada Gold Corp. said it settled a C$5 million non-brokered private placement of stock.
The company sold 22,727,272 common shares at C$0.22 each.
Proceeds will be used to procure equipment and supplies, for restocking the warehouse at the company's Jerritt Canyon Mine and for general working capital purposes.
Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$5 million
|
| Shares: | 22,727,272
|
| Price: | C$0.22
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | March 26
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.23 at close March 26
|
| Market capitalization: | C$136 million
|
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