By Sheri Kasprzak
New York, March 29 - Yukon Gold Corp., Inc. has completed a $3,198,796 non-brokered private placement.
The company issued 5,331,327 units at $0.60 each.
The units are comprised of one share and one half-share warrant with each whole warrant exercisable at $0.90 for two years.
The company also sold 25,000 flow-through shares at $0.75 each.
Proceeds will be used for exploration and development on the company's Marg property, as well as on the company's Mt. Hinton gold and silver property. The rest will be used for working capital.
Yukon, based in Toronto, is a gold exploration company.
First issue
Issuer: | Yukon Gold Corp., Inc.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | $3,198,796
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Units: | 5,331,327
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Price: | $0.60
|
Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $0.90
|
Placement agent: | Non-brokered
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Settlement date: | March 29
|
Stock symbol: | OTCBB: YGDC
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Stock price: | $1.80 at close March 29
|
|
Second issue
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Issuer: | Yukon Gold Corp., Inc.
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Issue: | Flow-through shares
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Amount: | $18,750
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Shares: | 25,000
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Price: | $0.75
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Warrants: | No
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Placement agent: | Non-brokered
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Settlement date: | March 29
|
Stock symbol: | OTCBB: YGDC
|
Stock price: | $1.80 at close March 29
|
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