Deal offers units of 4 million common shares and 4 million warrants
By Devika Patel
Knoxville, Tenn., March 14 - Tyhee Gold Corp. said it completed a C$2.4 million non-brokered private placement of units. The deal priced Dec. 27.
The company sold 10 units of 4 million common shares and 4 million warrants at C$240,000 per unit.
Each warrant is exercisable at C$0.10 for two years. The strike price is a 100% premium to C$0.05, the Dec. 24 closing share price.
Proceeds will be used to advance Tyhee's Yellowknife Gold Project, as well as for general corporate purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Tyhee Gold Corp.
|
| Issue: | Units of 4 million common shares and 4 million warrants
|
| Amount: | C$2.4 million
|
| Units: | 10
|
| Price: | C$240,000
|
| Warrants: | 4 million warrants per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 27
|
| Settlement date: | March 14
|
| Stock symbol: | TSX Venture: TDC
|
| Stock price: | C$0.05 at close Dec. 24
|
| Market capitalization: | C$29.72 million
|
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