By Devika Patel
Knoxville, Tenn., April 28 - Yukon-Nevada Gold Corp. said it plans a C$10.01 million private placement of stock via Byron Capital Markets.
The company will sell 36.4 million flow-through common shares at C$0.275 each on a best-efforts basis.
Proceeds will be used for exploration.
Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Flow-through common stock
|
| Amount: | C$10.01 million
|
| Shares: | 36.4 million
|
| Price: | C$0.275
|
| Warrants: | No
|
| Agent: | Byron Capital Markets
|
| Pricing date: | April 28
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.25 at close April 28
|
| Market capitalization: | C$154 million
|
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