Tyhee Announces Non-Brokered Unit Private Placement
posted on
Nov 26, 2014 09:38AM
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2014) -...
Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") announces that it will proceed with a non-brokered private placement of eight (8) Units of the Company (the "Units"), at CAD$210,000 per Unit (the "Offering"). Each Unit will consist of 3,000,000 common shares of the Company (the "Shares") and 1,500,000 share purchase warrants (the "Warrants"). Each Warrant will entitle the holder to purchase a further common share in the Company (the "Warrant Share") at a price of CAD$0.15 per Warrant Share, expiring 24-months from the date of issuance upon closing of the Offering.
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The Company further announces that it has completed two tranches of its previously announced non-brokered private placement, pursuant to which the Company has issued a total of 4,888,889 Shares and 2,444,444 Warrants for gross proceeds to the Company of CAD$440,000. Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of CAD$0.15 per Share for a period of two years from the date of issuance. The securities issued in this private placement, completed in two tranches, are subject to a hold period expiring on December 29, 2014 (1,000,000 shares and 500,000 warrants) and February 21, 2015 (3,388,889 shares and 1,694,444 warrants).