By Devika Patel
Knoxville, Tenn., April 11 - Yukon-Nevada Gold Corp. said it will conduct a C$20 million non-brokered private placement of stock.
The company will sell 10 million flow-through shares at C$2.00 apiece.
The company said proceeds would allow the company to fast-track exploration at the Silver Valley project in the Yukon and also free up cash for a possible expansion of mining at Jerritt Canyon in Nevada.
Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$20 million
|
| Shares: | 10 million
|
| Price: | C$2.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 10
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$1.75 at close April 10
|
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