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Tyhee Announces Completion of Non-Brokered Unit Private Placement

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Tyhee Announces Completion of Non-Brokered Unit Private Placement

 

 

 

 

 

Tyhee Gold Corp. (TSX VENTURE:TDC) is pleased to announce that, further to its news release of May 2, 2013, the Company has completed the sale of $840,000 of three-and-one-half units at $240,000 per Unit resulting in the issuance by the Company of 14,000,000 common shares and 14,000,000 share purchase warrants. Each Warrant will entitle the holder to purchase a further common share of the Company at a price of $0.10 per Warrant Share within 24 months of the date of issuance. The Offering was completed in four tranches:

 

 



----------------------------------------------------------------------------
                                                    Share
                                                 purchase  Shares & warrants
         Tranche              Gross     Shares   warrants        hold period
                           proceeds     issued     issued           expires:
----------------------------------------------------------------------------
First     May 3, 1/2 Unit  $120,000  2,000,000  2,000,000  September 4, 2013
            2013
Second   May 27,   1 Unit  $240,000  4,000,000  4,000,000 September 28, 2013
            2013
Third   June 13,   1 Unit  $240,000  4,000,000  4,000,000   October 14, 2013
            2013
Fourth  July 12,   1 Unit  $240,000  4,000,000  4,000,000  November 13, 2013
            2013
----------------------------------------------------------------------------
     Total Offering:       $840,000 14,000,000 14,000,000
 

 

 

The funds will be used to advance Tyhee’s Yellowknife Gold Project, an advanced stage wholly-owned gold project in the development and permitting stage, as well as for general corporate purposes.

Posted July 22, 2013

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