| November 6, 2008 |
| Yankee Hat Announces CDN$500,000 Private Placement |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2008) - Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) is pleased to announce that the Company will be offering a non-brokered private placement (the "Offering") of up to 10,000,000 flow through common shares (the "Shares") in the capital of the Company at a price of CDN$0.05 per share for an aggregate gross proceeds of up to $500,000. The Company reserved the offering price by way of a price reservation form filed with the TSX Venture Exchange (the "Exchange") on October 1, 2008. The Shares issued in connection with this Offering will be subject to a hold period expiring four months after the close of the Offering.
In connection with the Offering, the Corporation has agreed to pay to a Finder's Fee of 7% to each of the Finders of the Offering. The Offering will be closed promptly upon receipt of all necessary regulatory approvals.
The net proceeds of the private placement will be used for exploration and development on the Company's projects.
ON BEHALF OF THE BOARD OF DIRECTORS
P. Bradley Kitchen, President, CEO, and Director |
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