Release: 14 Series Release 12 TSX Venture: TDC
TYHEE ANNOUNCES NON-BROKERED UNIT PRIVATE PLACEMENT
VANCOUVER, British Columbia (Wednesday, August 14, 2013) – Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”) is pleased to announce that it will proceed with a non-brokered private placement of eight (8) units of the Company (the “Units”) at $240,000 per Unit. Each Unit will be comprised of 4,000,000 common shares of the Company and 4,000,000 transferable common share purchase warrants of the Company (the “Warrants”). Each Warrant will entitle the holder to purchase a further common share in the Company (the “Warrant Shares”) at a price of $0.10 per Warrant Share within 24 months of closing. All securities sold in this private placement will be subject to a 4-month hold period from closing. The private placement is subject to the approval of the TSX Venture Exchange (the “Exchange”).
The Company may pay a finder’s fee on the private placement within the maximum amount permitted by the policies of the Exchange. The Company may complete multiple closings of the private placement, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
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.
For further information please contact:
GT Investor Relations Inc.
O: 905 337-7673
C: 416 605-5120
President – Tyhee Gold
T: 604 681-2877