Business
Tagish undertakes non-brokered private placement of $500,000
(TSX.V:TLG) RICHMOND, BC, Dec. 11 /CNW Telbec/ - Tagish Lake Gold Corp., (TSX-V: TLG) ("Tagish" o...
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V:TLG)\n\n\nRICHMOND, BC, Dec. 11 /CNW Telbec/ - Tagish Lake Gold Corp., (TSX-V: TLG)\n("Tagish" or "the Company") announces that it is undertaking a non-brokered\n$500,000 private placement offering of share units (the "Units") at a\nsubscription price of C$0.13 per Unit. Each Unit consists of one common share\nin the capital of the Company and one-half of one non-transferable common\nshare purchase warrant, each whole warrant entitling the holder to acquire one\nadditional common share at a price of C$0.21 per share for eighteen (18)\nmonths from the date of issuance.\n\n\nThe funds will be used for general corporate expenses, while the Company\nundertakes the drilling program at Skukum Creek.\n\n\nCompletion of this proposed private placement will be subject to the\nnegotiation, execution and delivery of definitive subscription agreements, TSX\nVenture Exchange acceptance of the proposed subscribers and documentation\nrelated to the offering. Any securities to be issued with will be subject to a\nhold period of four months from the closing date in accordance with the rules\nand policies of the TSX Venture Exchange and applicable Canadian securities\nlaws.\n\n\nIn connection with the offering the Company has agreed with certain\neligible registrants to pay a finders' fee in cash of 7% of the proceeds\nraised from participating subscribers introduced to the Company by such\nregistrants and grant finders' warrants on terms similar to those included in\nthe share units equal to 7% of the Units subscribed by such subscribers.\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 6.8 g/t\nAu and 131 g/t Ag (MineTech International Ltd., 2007 Update), and the\nMt. Skukum gold deposit.\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 no...