VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2013) - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") is pleased to announce that it has reached an agreement with a creditor of the Company to settle indebtedness in the aggregate amount of $45,169.16 by issuing 645,274 common shares of the Company (the "Shares") at a deemed price of $0.07 per share. The issue of the Shares is subject to the approval of the TSX Venture Exchange ("TSX-V").
All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance of the Shares, in accordance with applicable securities legislation.
Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including from the TSX-V.
The Company's shares trade on the TSX Venture Exchange under the symbol "TDC". For additional information, please visit the Company's website, www.tyhee.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.