By Sheri Kasprzak
Atlanta, April 15 - YGC Resources Inc. said it has closed two private placements for total proceeds of C$9,601,270.
In a brokered offering, the company raised C$7,941,400 through the sale of 7,885,667 non flow-through units at C$0.60 each and 4,012,500 flow-through units at C$0.80 each.
The common-share units include one share and one half-share warrant. The whole warrants allow for an additional share at C$1.00 each for two years.
The flow-through units are comprised of one flow-through share and one half-share warrant. The whole warrants allow for an additional non flow-through share at C$1.00 each for two years.
Pacific International Securities Inc. was the placement agent in the brokered offering.
In the non-brokered private placement, the company sold 2,766,450 common-share units at C$0.60 each.
The common-share units include one share and one half-share warrant. The whole warrants allow for an additional share at C$1.00 each for two years.
Based in Vancouver, B.C., YGC is a gold mining and exploration company. The proceeds will be used for development on its Ketza River property in the Yukon and for general working capital.
Issuer: | YGC Resources Ltd.
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Issue: | Common share units and flow-through units
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Amount: | C$7,941,400
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Placement agent: | Pacific International Securities Inc.
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Settlement date: | April 15
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Stock price: | C$0.50 on April 14
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Common share units
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Issue: | Common share units of one share and one half-share warrant
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Units: | 7,885,667
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Price: | C$0.60
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.00
|
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Flow-through units
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Issue: | Flow-through units of one flow-through share and one half-share warrant
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Units: | 4,012,500
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Price: | C$0.80
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.00
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Issuer: | YGC Resources Ltd.
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Issue: | Units of one common share and one half-share warrant
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Amount: | C$1,659,870
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Units: | 2,766,450
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Price: | C$0.60
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.00
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Settlement date: | April 15
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Stock price: | C$0.50 at close April 14
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