By Devika Patel
Knoxville, Tenn., Dec. 10 - Yukon-Nevada Gold Corp. said it is once again increasing a non-brokered private placement of units, this time to C$3.99 million. The deal priced for C$600,000 on Nov. 4 and was lifted to C$3.97 million on Dec. 4.
The company will sell 79.8 million units at C$0.05 each. It originally had planned to sell 12 million units.
Each unit consists of one common share and two warrants. One warrant is exercisable at C$0.07 for one year and the other at C$0.09 for 18 months.
Yukon-Nevada Gold is a Vancouver, B.C.-based mineral exploration company.
Issuer: | Yukon-Nevada Gold Corp.
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Issue: | Units of one common share and two warrants
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Amount: | C$3.99 million
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Units: | 79.8 million
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Price: | C$0.05
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Warrants: | Two warrants per unit
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Warrant expiration: | One year, 18 months
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Warrant strike price: | C$0.07, C$0.09
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Agent: | Non-brokered
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Pricing date: | Nov. 4
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Upsized: | Dec. 4, Dec. 10
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Stock symbol: | Toronto: YNG
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Stock price: | C$0.04 at close Nov. 4
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