Non-brokered deal finances exploration at Ketza River, Silver Valley
By Devika Patel
Knoxville, Tenn., March 2 - Yukon-Nevada Gold Corp. said it has concluded a private placement of stock. The deal priced for C$8.5 million on Feb. 22, and the company raised C$7.09 million on a non-brokered basis.
The company sold 8,334,882 flow-through common shares at C$0.85 each. The price per share is a 2.41% premium to the C$0.83 closing price on Feb. 18.
Proceeds will be used for new resource exploration at Ketza River and Silver Valley.
The gold producer is based in Vancouver, B.C.
| Issuer: | Yukon-Nevada Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$7,084,650
|
| Shares: | 8,334,882
|
| Price: | C$0.85
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Feb. 22
|
| Settlement date: | March 2
|
| Stock symbol: | Toronto: YNG
|
| Stock price: | C$0.82 at close Feb. 22
|
| Market capitalization: | C$523.12 million
|
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