By Laura Lutz
Des Moines, June 20 - Yukon Gold Corp., Inc. arranged a C$2 million private placement of units and flow-through shares.
The company intends to sell units at C$0.45 apiece and flow-through shares at C$0.62 apiece.
The number of units and flow-through shares was not announced.
Each unit consists of one non flow-through share and one half-share non flow-through warrant. Each whole warrant will be exercisable at C$0.60 for two years.
Northern Securities Inc. is the underwriter.
Proceeds will be used for exploration and development and for working capital.
Settlement is expected in July.
Yukon Gold is a Toronto-based mineral exploration and development company.
Issuer: | Yukon Gold Corp., Inc.
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Issue: | Units of one non flow-through share and one half-share non flow-through warrant; flow-through shares
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Amount: | C$2 million
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Underwriter: | Northern Securities Inc.
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Pricing date: | June 20
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Stock symbol: | Toronto: YK
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Stock price: | C$0.51 at close June 20
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Units
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Price: | C$0.45
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Warrants: | One half-share non flow-through warrant
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Warrant expiration: | Two years
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Warrant strike price: | C$0.60
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Flow-through shares
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Price: | C$0.62
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Warrants: | No
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