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Release: 15 Series 11 Release
VANCOUVER, British Columbia (October 20, 2014) - Tyhee Gold Corp. (TSX Venture, TDC) (the "Company") announces that further to the Company's news release of July 4, 2014, announcing a non-brokered private placement of up to 10,000,000 units of the Corporation (each, a " Unit "), at $0.10 per Unit (the " Offering "), the price of the Units was adjusted to $0.09 per Unit and conditionally approved by the TSX Venture Exchange (the "Exchange") on August 1, 2014. Each Unit will consist of one common share of the Corporation (each, a " Share ") and one-half of one common share purchase warrant (a " Warrant ") at an exercise price of $0.15 per Share, expiring 24-months from the date of issuance upon closing of the Offering. All securities sold in the Offering will be subject to a 4-month hold period from closing.
On August 28, 2014, the Company sold and issued 1,000,000 Units for aggregate gross proceeds of $90,000.
The Company anticipates extending the Offering with the closing of an additional tranche on or before October 24, 2014, consisting of 3,888,889 Units.
The funds will be used for general corporate purposes.
For further information please contact:
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : TDC.V |
ISIN : CA9021661074 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tyhee Development is a gold and cobalt exploration company based in Canada. Tyhee Development holds various exploration projects in Canada. Its main exploration properties are YELLOWKNIFE (DISCOVERY MINE), NICHOLAS LAKE, BIGSKY, GOODWIN LAKE, YELLOWKNIFE GOLD PROJECT, CLAN LAKE, SILVER BEAR, LONGTOM and COBALT / CONTACT LAKE CLAIMS in Canada. Tyhee Development is listed in Canada and in United States of America. Its market capitalisation is 474 422 as of today (US$ 361 130, € 318 336). Its stock quote reached its highest recent level on December 28, 2000 at 2.25, and its lowest recent point on October 21, 2015 at 0.01. Tyhee Development has 47 442 200 shares outstanding. |