Company also raises C$440,000 selling 4,888,889 shares with warrants
By Devika Patel
Knoxville, Tenn., Nov. 25 – Tyhee Gold Corp. said it has arranged a C$1.68 million non-brokered private placement of units.
The company will sell 8 units of 3 million common shares and 1.5 million warrants at C$210,000 per unit. Each warrant will be exercisable at C$0.15 for two years. The strike price is an 87.5% premium to the Nov. 24 closing share price of C$0.08.
The company also said it completed two tranches of another non-brokered private placement in which it sold 4,888,889 shares and 2,444,444 warrants at about C$0.90 per share for C$440,000. Each of these warrants is exercisable at C$0.15 for two years, also a premium to the Nov. 24 closing price. The first-tranche of this placement sold 1 million shares and 500,000 warrants and the second tranche sold 3,388,889 shares and 1,694,444 warrants.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Tyhee Gold Corp.
|
| Issue: | Units of 3 million common shares and 1.5 million warrants
|
| Amount: | C$1.68 million
|
| Units: | 8
|
| Price: | C$210,000
|
| Warrants: | 1.5 million warrants per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 25
|
| Stock symbol: | TSX Venture: TDC
|
| Stock price: | C$0.08 at close Nov. 24
|
| Market capitalization: | C$29.6 million
|
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