No such message found

TYHEE GOLD CORP

(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)

Free
Message: PP News
April 17, 2012 For immediate release Release: Series 13 Release 7 TSX Venture: TDC TYHEE ANNOUNCES CLOSING OF FIRST TRANCHE NON-BROKERED PRIVATE PLACEMENT VANCOUVER, British Columbia (April 17, 2012) – Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”) is pleased to announce that, further to its news release of April 2, 2012, it has completed the first closing of its previously announced non-brokered private placement (the “Private Placement”). In this closing, the Company issued 10,215,209 units (the “Units”) at a price of $0.09 per Unit for gross proceeds of $919,370. Each Unit consisted of one common share of the Company and one transferable common share purchase warrant of the Company (the “Warrants”). Each Warrant will entitle the holder thereof to purchase a further common share in the Company (the “Warrant Shares”) at a price of $0.125 per Warrant Share until April 10, 2014. The Company also issued warrants to purchase 333,360 common shares at a price of $0.11 per share to EuroPacific Capital Canada Inc. as a finder’s fee. The funds will be used to advance its Yellowknife Gold Project, an advanced stage wholly- owned gold project in the feasibility study and permitting stage, as well as for general corporate purposes. All securities issued under the Private Placement are subject to a four month hold period which expires August 11, 2012. The Company’s shares trade on the TSX Venture Exchange under the symbol “TDC”. For additional information, please visit the Company’s website, www.tyhee.com or www.sedar.com. For further information please contact: Greg Taylor GT Investor Relations Inc. O: 905 337-7673 C: 416 605-5120 gtaylor@tyhee.com Jay Bedard Brian Briggs Envoy Strategic Partners T: 416 977-7778 jay@envoystrategicpartners.com info@tyhee.com President – Tyhee Gold T: 604 681-2877
Share
New Message
Please login to post a reply