Tyhee Gold Corp.

Tyhee Gold Corp.

November 25, 2014 15:47 ET

Tyhee Announces Non-Brokered Unit Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2014) -


Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") announces that it will proceed with a non-brokered private placement of eight (8) Units of the Company (the "Units"), at CAD$210,000 per Unit (the "Offering"). Each Unit will consist of 3,000,000 common shares of the Company (the "Shares") and 1,500,000 share purchase warrants (the "Warrants"). Each Warrant will entitle the holder to purchase a further common share in the Company (the "Warrant Share") at a price of CAD$0.15 per Warrant 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. The Offering is subject to the approval of the TSX Venture Exchange (the "Exchange").

The Company may pay a finder's fee on the Offering within the maximum amount permitted by the policies of the Exchange. The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. The proceeds from the Offering will be used for general corporate purposes.

The Company further announces that it has completed two tranches of its previously announced non-brokered private placement, pursuant to which the Company has issued a total of 4,888,889 Shares and 2,444,444 Warrants for gross proceeds to the Company of CAD$440,000. Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of CAD$0.15 per Share for a period of two years from the date of issuance. The securities issued in this private placement, completed in two tranches, are subject to a hold period expiring on December 29, 2014 (1,000,000 shares and 500,000 warrants) and February 21, 2015 (3,388,889 shares and 1,694,444 warrants). The proceeds from this private placement are being used by the Company for general corporate purposes.

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.

All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, including statements regarding the closing of the non-brokered financing, the proposed use of funds, expectation of multiple closings of the private placement, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: timing of completion of financing; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; delays in obtaining approvals, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments;. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the companies' forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.

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