By Devika Patel
Knoxville, Tenn., Feb. 12 - Yukon-Nevada Gold Corp. said it plans a non-brokered private placement of units for C$1.7 million.
The company will sell 28,333,333 units at C$0.06 each.
Each unit consists of one common share and one warrant. The warrant is exercisable at C$0.08 for two years.
Proceeds will finance the operations at the Jerritt Canyon property during the pre-startup phase as well as fund the necessary capital improvements required to the mill facility.
Yukon-Nevada 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 one warrant
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Amount: | C$1.7 million
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Units: | 28,333,333
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Price: | C$0.06
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.08
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Agent: | Non-brokered
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Pricing date: | Feb. 12
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Stock symbol: | Toronto: YNG
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Stock price: | C$0.075 at close Feb. 12
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