Yankee Hat Closes Second Tranche of Financing for $694,883
2010年9月30日 - 6:19AM
Marketwired
Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX
VENTURE: KHT) has closed the second tranche of its previously
announced private placement, for a total of $694,883 in gross
proceeds.
"In total, Yankee Hat has now raised $1,597,208 through this
financing," stated David Matousek, President. "These funds will
allow Yankee Hat to focus on the upcoming drill program on the Fran
property at Mount Milligan in British Columbia."
Yankee Hat has issued 11,052,270 shares at a price of $0.05 per
non-flow-through unit, and 1,896,934 shares at a price of $0.075
per flow-through unit.
The Pro-Group participants in this second tranche are Peter
Brown ($100,000) and Michael Winiker ($10,000) and the insider
participating is Tarbo Resources ($33,500).
In connection with the offering, the company has paid the
following finder's fees:
-- Raymond James Ltd., 408,024 warrants at an exercise price of 10 cents
for a period of one year and a cash commission of $20,401;
-- PI Financial Corp., 18,000 warrants at an exercise price of 10 cents for
a period of one year and a cash commission of $900; and
-- D & D Securities Inc., 90,000 warrants at an exercise price of 10 cents
for a period of one year and a cash commission of $4,500.
The proceeds from the offering will be used for the fall drill
program on the company's Fran property and for general working
capital purposes.
All transactions remain subject to regulatory and corporate
approval.
About Yankee Hat Minerals Ltd.
Yankee Hat Minerals Ltd. is a publicly held resource company
that utilizes its management's expertise in mineral exploration and
evaluation, and financial acumen, to identify, acquire, and develop
mineral prospects in mining friendly jurisdictions with the
potential to host large-scale discoveries. The company
strategically focuses on commodities that have strong underlying
price fundamentals such as gold and precious metals, rare earth
elements and tungsten. The Company's website at
www.yankeehatminerals.com and public filings at www.sedar.com
provide additional information on its projects and other
information with respect to its management and operations.
ON BEHALF OF THE BOARD
P. Bradley Kitchen, Chief Executive Officer
Neither 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.
Contacts: Yankee Hat Minerals Ltd. David Matousek President
604.638.8072 604.688.9620 (FAX) info@yankeehatminerals.com
www.yankeehatminerals.com Investor Cubed Inc. Neil Simon
647.258.3310 or Toll Free: 1.888.258.3323 nsimon@investor3.ca
www.investor3.ca
Yankee Hat Minerals Ltd (TSXV:KHT)
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