By Devika Patel
Knoxville, Tenn., Nov. 29 - Yankee Hat Minerals Ltd. said it plans to conduct a C$1 million non-brokered private placement.
The company will sell up to 6,666,667 units at C$0.15 each. The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.22 for one year.
Proceeds will be used for exploration, development and general working capital.
Vancouver, B.C.-based Yankee Hat is a gold and uranium exploration company.
| Issuer: | Yankee Hat Minerals Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million (maximum)
|
| Units: | 6,666,667 (maximum)
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.22
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 29
|
| Stock symbol: | TSX Venture: KHT
|
| Stock price: | C$0.175 at close Nov. 29
|
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