By Laura Lutz
Des Moines, Sept. 12 - Yankee Hat Minerals Ltd. arranged a C$1.2 million private placement of units with the MineralFields Group.
The investor will buy 6.6 million units of one flow-through common share and one transferable warrant at a price of C$0.18 per unit.
Each warrant will be exercisable for one non-flow-through share for two years at C$0.30 in the first year and C$0.40 in the second year.
Yankee Hat is a mineral company based in Burnaby, B.C.
| Issuer: | Yankee Hat Minerals Ltd.
|
| Issue: | Units of one flow-through share and one warrant
|
| Amount: | C$1.2 million
|
| Units: | 6.6 million
|
| Price: | C$0.18
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30 in the first year; C$0.40 in the second year
|
| Investor: | MineralFields Group
|
| Pricing date: | Sept. 12
|
| Stock symbol: | TSX Venture: KHT
|
| Stock price: | C$0.18 at close on Sept. 12
|
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