By Devika Patel
Knoxville, Tenn., Dec. 9 - Tyhee Development Corp. said it plans a C$3 million private placement of stock.
The company will sell 15 million flow-through shares at C$0.20 per share via agent Loewen, Ondaatje, McCutcheon Ltd. on a best-efforts basis. The Mineralfields Group has agreed to invest C$1.5 million.
Settlement is expected Dec. 16.
Proceeds will be used for exploration and development.
Tyhee is a gold exploration company based in Vancouver, B.C.
| Issuer: | Tyhee Development Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$3 million
|
| Shares: | 15 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Loewen, Ondaatje, McCutcheon Ltd.
|
| Investor: | The Mineralfields Group (for C$1.5 million)
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 16
|
| Stock symbol: | TSX Venture: TDC
|
| Stock price: | C$0.22 at close Dec. 8
|
| Market capitalization: | C$44.3 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
