By Devika Patel
Knoxville, Tenn., Aug. 20 - Tagish Lake Gold Corp. announced it plans a C$5 million private placement of units.
The company will sell 100 million units at C$0.05 apiece. Each unit consists of one common share and one quarter-share warrant. Each whole warrant is exercisable at C$0.075.
The deal will be conducted with a group of investors, which includes Yukon-Shaanxi Mining Co. Inc.
Proceeds will be used to redress the company's financial situation and to move forward.
Tagish is a gold and silver exploration company based in Vancouver, B.C.
| Issuer: | Tagish Lake Gold Corp.
|
| Issue: | Units of one common share and one quarter-share warrant
|
| Amount: | C$5 million
|
| Units: | 100 million
|
| Price: | C$0.05
|
| Warrants: | One quarter-share warrant per unit
|
| Warrant strike price: | C$0.075
|
| Investor: | Yukon-Shaanxi Mining Co. Inc.
|
| Pricing date: | Aug. 20
|
| Stock symbol: | TSX Venture: TLG
|
| Stock price: | C$0.04 at close Aug. 20
|
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