Business
Tagish closes second tranche of previously announced flow-through and non-flow-through private placement of units
Tagish closes second tranche of previously announced flow-through and non-flow-through private placement of units.
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n\nRichmond, B.C., Sept. 3 /CNW Telbec/ - Tagish Lake Gold Corp., Richmond,\nB.C. (TSX-V: TLG) (\"Tagish\" or \"the Company\") is pleased to announce that it\nhas closed the second tranche of its previously announced non-brokered private\nplacement of flow-through share units at a subscription price of C$0.18 per\nunit for gross proceeds of C$730,980. Tagish has also concurrently closed the\nsecond tranche of its previously announced non-brokered private placement of\nnon-flow-through share units at a subscription price of C$0.15 per unit for\ngross proceeds of C$129,000. Each unit consists of one flow-through or\nnon-flow-through common share in the capital of the Company, as the case may\nbe, and one-half of one non-transferable common share purchase warrant, each\nwhole warrant entitling the holder to acquire one additional non flow-through\ncommon share at a price of C$0.22 per share for eighteen (18) months from the\ndate of issuance.\nIn connection with the closing of the offerings today, the Company has\nagreed with certain eligible registrants to pay a finders' fee in cash of\n$64,910.40 and grant finders' warrants on terms similar to those included in\nthe units to purchase 371,280 common shares.\nAll securities issued will be subject to a hold period expiring on\nJanuary 2, 2007 in accordance with the rules and policies of the TSX Venture\nExchange and applicable Canadian securities laws and such other further\nrestrictions as may apply under foreign securities laws.\nThe Company anticipates closing the next tranche of the non-flow-through\noffering in the coming week.\n\nAbout Tagish Lake Gold Corp.\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, with a currently\ndefined measured plus indicated resource of 1,120,000 tonnes grading 8.0 g/t\nAu and 153.1 g/t Ag (MineTech International Ltd., June 2003 available on\nSedar), and the Mt. Skukum gold deposit.\n\nFOR FURTHER INFORMATION, visit the Company's website at\nwww.tagishgold.com, or contact:\n>\nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIB...