Vancouver, BC - December 19, 2008 - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6)Graham Dickson, the President of Yukon-Nevada Gold Corp. (the "Company"), announces that the Company has closed its non-brokered private placement for a total of 79,800,000units (the "Units") to net the treasury an aggregate of $3,990,000.A finder's fee was paid in respect of a portion of the private placement.
Each Unit consists of one common share (a "Share") and two series of Share purchase warrants.The first warrant (the "Series "A" Warrant") can be exercised to purchase one additional Share (the ""A" Warrant Share") at a price of $0.07 per share within 12 months of closing of the private placement and the second warrant (the "Series "B" Warrant") can be exercised to purchase one additional Share (the ""B" Warrant Share")at a price of $0.09 per share within 18 months of closing of the private placement.
In accordance with securities legislation currently in effect, the Shares, the "A" Warrants, the "B" Warrants, the "A" Warrant Shares and the "B" Warrant Shares will be subject to "hold period" of four months plus one day expiring on expiring on April 18, 2009.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Yukon-Nevada est une société développant des projet miniers d'or basée au Canada.
Yukon-Nevada détient divers projets d'exploration au Canada.
Ses principaux projets en production sont JERRITT CANYON MINE, JERRITT CANYON, JERRITT CANYON-MURRAY, JERRITT CANYON - MURRAY ZONE 9, JERRY CANYON - SSX, JERRY CANYON - EAST SMITH, JERRY CANYON - SAVAL, JERRY CANYON - STARVATION, JERRY CANYON - WRIGHT WINDOW, JERRITT CANYON STOCKPILES, JERRY CANYON - UG RESOURCES, JERRY CANYON - SMITH et JERITT CANYON - PIT RESOURCES en USA, son principal projet en développement est KETZA RIVER MANTO ZONE au Canada et ses principaux projets en exploration sont WOLF PROPERTY, MONEY CLAIMS, SILVER VALLEY PROPERTY, KETZA - SHAMROCK ZONE et KETZA RIVER au Canada.
La valeur de son action a atteint son plus bas niveau récent le 12 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 12 février 2013 à 2,95 CA$.
Yukon-Nevada possède 930 644 000 actions en circulation.