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Tagish closes second tranche of previously announced flow-through private placement of units
(TSX.V:TLG) RICHMOND, BC, Nov. 30 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG) announces th...
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V:TLG)\n\n\nRICHMOND, BC, Nov. 30 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG)\nannounces that it has closed the second tranche of its previously announced\nnon-brokered private placement of flow-through share units at a subscription\nprice of C$0.17 per unit for gross proceeds of C$436,198. Each unit consists\nof one flow-through common share in the capital of the Company and one-half of\none non-transferable common share purchase warrant, each whole warrant\nentitling the holder to acquire one additional non flow-through common share\nat a price of C$0.25 per share for eighteen (18) months from the date of\nissuance.\n\n\nThe funds will be used for the 5,000 m diamond drilling program to\nincrease the resource in the Rainbow Two and Berg zones, by testing the\nextensions of these zones above the 1400 m elevation and below the 1200 m\nelevation.\n\n\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$33,027 and grant finders' warrants on terms similar to the warrants included\nin the units to purchase 50,117 common shares.\n\n\nAll securities issued will be subject to a hold period expiring on\nMarch 29, 2008 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.\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, and has a currently\ndefined measured plus indicated resource of 1,420,000 tonnes grading\n6.8 g/t Au and 131 g/t Ag (MineTech International Ltd., 2007 Update), and the\nMt. Skukum gold deposit.\n\n\nShould you wish to receive Company news via email, please email\[email protected] and specify "TLG News" in the subject line.\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 re...