Business
Tagish closes initial private placement of $2,000,000 by Wega Mining ASA
Tagish closes initial private placement of $2,000,000 by Wega Mining ASA.
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V: TLG)\n\n\nRICHMOND, B.C., July 9 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG)\nannounces that the initial private placement of C$2,000,000 by Wega Mining\nASA, previously announced in the Company's news release of June 26, 2007, has\nbeen completed. The initial investment consisted of 10,000,000 common share\nunits. Each unit consists of one common share in the capital of the Company\nand one common share purchase warrant, each warrant entitling the holder to\nacquire one additional common share at a price of C$0.30 per share for\ntwenty-four (24) months from the date of issuance. All securities issued are\nsubject to a hold period expiring on November 5, 2007 in accordance with the\nrules and policies of the TSX Venture Exchange and applicable Canadian\nsecurities laws.\n\n\nThe proceeds will be used to finance work on moving the Company's Skukum\nCreek gold-silver deposit to production, and for general corporate purposes.\n\n\nTagish and Wega Mining ASA will now pursue satisfaction of the conditions\nprecedent to the second proposed investment of C$8,000,000.00 or 40,000,000\nUnits.\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 km(2) Skukum Mineral District located 80 km\nby road south of Whitehorse. The Skukum Mineral District hosts the Skukum\nCreek gold-silver deposit and the Goddell Gully gold deposit and the Mt.\nSkukum gold deposit.\n\n\nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE\n\n\nADEQUACY OR ACCURACY OF THIS RELEASE\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",...