Business
Tagish closes first tranche of non-brokered private placement of units
Tagish closes first tranche of non-brokered private placement of units.
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V: TLG)\n\n\nRICHMOND, BC, July 24 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG)\n("Tagish" or "the Company") is pleased to announce that it has closed the\nfirst tranche of its previously announced non-brokered private placement\noffering, of an aggregate of 1,250,000 Units a subscription price of\nC$0.20 per Unit for gross proceeds of C$250,000. Each Unit consists of one\ncommon share in the capital of the Company and one non-transferable common\nshare purchase warrant entitling the holder to acquire one additional common\nshare at a price of C$0.30 per share until July 18, 2009. All securities\nissued are subject to a hold period expiry November 19, 2007 in accordance\nwith the rules and policies of the TSX Venture Exchange and applicable\nCanadian securities laws.\n\n\nIn connection with the offering the Company paid Canaccord Capital\nCorporation a finders' fee of $20,000 and granted 100,000 finders' warrants\nentitling the holder to acquire one additional common share at a price of\n(Cdn)$0.30 per share until January 18, 2009.\n\n\nThe anticipated proceeds of the offering will be used for working capital\npurposes.\n\n\nAbout Tagish Lake Gold Corp.\n\n\nTagish Lake Gold Corp. explores for and develops high grade gold-silver\nmineral deposits in the Yukon Territory of Canada. The Company is currently\nfocused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by\nroad south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek\ngold-silver deposit, the Goddell Gully gold deposit and the Mt. Skukum gold\ndeposit.\n\n\nTagish Lake Gold Corp.\n\n\nThis news release does not constitute an offer to sell or a solicitation\nof an offer to buy any of the securities in the United States. The securities\nof the Company have not been registered under the United States Securities Act\nof 1933, as amended (the "U.S. Securities Act") or any state securities laws\nand may not be offered or sold within the United States or to U.S. Persons\nunless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is available.\n\n\nCertain statements contained in this news release using the terms "may",\n"expects to", "projects", "estimates", "plans", and other terms...