posted on
Jul 22, 2015 08:37PM
TYHEE GOLD CORP
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Message: News !!!
RMB Further Extends Maturity Date of Loan to July 28, 2015......
Capital Raising Negotiations Ongoing.........
VANCOUVER, British Columbia (July 22, 2015) – Tyhee Gold Corp. (TSX Venture Exchange: TDC) (the “Company” or “Tyhee”) announces that the Maturity Date of the previously announced Note Purchase Agreement (‘the Agreement”) with RMB Australia Holdings Limited (“RMB Australia”) (see Tyhee news release dated July 7, 2015) has been further extended to July 28, 2015. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan (the “RMB Note”), which was previously to mature on June 30, 2015 and bears interest at 2% per month. This extension has been made primarily in order to facilitate Tyhee’s plans to raise the capital to repay the RMB Note........
Exclusive Implementation Agreement Withdrawn.....,
At the same time, RMB Australia has withdrawn its the previously announced exclusive Implementation Agreement with Tyhee regarding RMB Australia’s investments in Sutter Gold Mining Inc. (SGM:TSXV) (SGMNF:OTCQX) (“Sutter.”) Notwithstanding RMB's decision, Tyhee remains very interested in acquiring RMB's interest in Sutter and is continuing its discussion with RMB regarding such a potential transaction......,
Meanwhile, Tyhee continues to be actively engaged with a variety of large international investment groups, which have expressed an interest in providing the capital required to conclude the transaction.(www.tyhee.com)
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