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Release: 14 Series  Release 14

TYHEE ANNOUNCES THE COMPLETION OF ONE NON-BROKERED UNIT PRIVATE PLACEMENT; INITIATES NEW PLACEMENT

VANCOUVER, British Columbia (October 28, 2013) – Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”) is pleased to announce that, further to its news release of August 14   , 2013, the Company raised $600,000 through the sale of two-and-one-half units (the “Units”) at $240,000 per Unit (the “Offering”). Each whole Unit consists of 4,000,000 common shares (the “Shares”) and 4,000,000 common share purchase warrants (the “Warrants”), resulting in the issuance by the Company of 10,000,000 Shares and 10,000,000 Warrants.  Each Warrant will entitle the holder to purchase a further common share of the Company (the “Warrant Shares”) at a price of $0.10 per Warrant Share within 24 months of the date of issuance. The Offering was completed in four tranches:

 

 

Tranche

Proceeds

Shares Issued

Warrants Issued

Expiration of Hold Period

First

Aug. 15, 2013

1 Unit

$240,000

4,000,000

4,000,000

Dec. 16, 2013

Second

Sept. 17, 2013

¾ Unit

$180,000

3,000,000

3,000,000

Jan. 18, 2014

Third

Sept. 23, 2013

¼ Unit

$60,000

1,000,000

1,000,000

Jan. 24, 2014

Fourth

Oct. 16, 2013

½ Unit

$120,000

2,000,000

2,000,000

Feb. 17, 2014

Due to securities regulations, this offering was required to be closed by October 16, 2013. The Company has subsequently decided to proceed with a new non-brokered private placement of up to ten (10) units of the Company (the “Units”) under the same terms and conditions of the previous placement as noted above. Again, all securities sold in this private placement will be subject to a 4-month hold period from closing and this private placement is subject to the approval of the TSX Venture Exchange. 

The funds from the recently closed as well as the new private placement 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:

Greg Taylor
GT Investor Relations Inc.
O: 905 337-7673
C: 416 605-5120
gtaylor@tyhee.com

Brian Briggs
President – Tyhee Gold
T: 604 681-2877
info@tyhee.com


 

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