Business
Tagish closes private placements
Tagish closes private placements.
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V:TLG)\n\n\nRICHMOND, BC, March 1 /CNW Telbec/ - Tagish Lake Gold Corp., announces\nthat it has closed the previously announced non-brokered private placement of\nunits with Macquarie Bank Ltd. for gross proceeds of C$500,000. (See News\nRelease of November 20, 2006)\n\n\nAll securities issued in this private placement will be subject to a hold\nperiod expiring on June 28, 2007 in accordance with the rules and policies of\nthe TSX Venture Exchange and applicable Canadian securities laws and such\nother further restrictions as may apply under foreign securities laws.\n\n\nIn addition, the Company has closed the previously announced non-brokered\nprivate placement of shares for gross proceeds of C$155,000 with one of its\ndirectors. (See News Release of January 26, 2007)\n\n\nThe securities issued in this private placement will be subject to a hold\nperiod expiring on June 13, 2007 in accordance with the rules and policies of\nthe TSX Venture Exchange and applicable Canadian securities laws and such\nother further restrictions as may apply under foreign securities laws.\n\n\nProceeds from these offerings will be used for the Company's exploration\nprogram at Skukum Creek and for working capital.\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 and the Goddell Gully gold deposit, with a currently\ndefined measured plus indicated resource of 1,120,000 tonnes grading\n8.0 g/t Au and 153.1 g/t Ag (MineTech International Ltd., 2003), and the Mt.\nSkukum gold deposit.\n\n\nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY\n\n\nOR ACCURACY OF THIS NEWS RELEASE.\n\n\nThis news release includes certain forward looking statements in respect\nto various issues including upcoming events. These forward looking statements\nare based upon current expectations which involve risks and uncertainties that\ncould cause actual outcomes and results to differ materially. Mineral\nexploration is subject to a high degree of risk, which even a combination of\nexperience, knowledge, and careful evaluation may f...