New Issue: Yukon-Nevada Gold completes C$9.5 million private placement of stock

By Devika Patel

Knoxville, Tenn., May 12 - Yukon-Nevada Gold Corp. said it settled a C$9.5 million private placement of stock via Byron Capital Markets. The deal priced for C$10.01 million on April 28.

The company sold 34,559,090 flow-through common shares at C$0.275 each on a best-efforts basis.

Proceeds will be used for exploration.

Yukon-Nevada is a Vancouver, B.C.-based mineral exploration company.

Issuer:	Yukon-Nevada Gold Corp.
Issue:	Flow-through common stock
Amount:	C$9,503,750
Shares:	34,559,090
Price:	C$0.275
Warrants:	No
Agent:	Byron Capital Markets
Pricing date:	April 28
Settlement date:	May 12
Stock symbol:	Toronto: YNG
Stock price:	C$0.25 at close April 28
Market capitalization:	C$147 million

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