Big Deal= PeaNuts
Yukon-Nevada Gold Corp. announces private placement
prnews
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Graham Dickson, the President of Yukon-Nevada Gold Corp. (the "Company"), announces that the Company has negotiated a $600,000 non-brokered private placement to sell up to 12,000,000 units (the "Units") at a price of $0.05 per Unit.
Each Unit will consist of one common share (a "Share") and two series of share purchase warrants (the "Warrant"). The first warrant (the "Series "A" Warrant") can be exercised to purchase one additional common share (a "Warrant Share") at a price of $0.07 per share within 12 months of closing of the private placement and the second warrant (the "Series "B" Warrant) can be exercised to purchase a Warrant Share at a price of $0.09 per share within 18 months of closing of the private placement.
In accordance with securities legislation currently in effect, the Shares, the Warrants and the Warrant Shares will be subject to "hold period" of four months plus one day from the date of issuance of the aforesaid securities.
The proceeds of the private placement transaction will be used for operations at the Company's Jerritt Canyon Mine, Nevada.
If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
WARNING: The Company relies upon litigation protection for "forward-
looking" statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE Yukon-Nevada Gold Corp.
For further information: Yukon-Nevada Gold Corp., Nicole Sanches, Investor Relations Manager, Tel: (604) 688-9427, Email: nicole@yngc.ca,
www.yukon-nevadagold.com; CHF Investor Relations, Jacqueline Wagenaar, Account Manager, Tel: (416) 868-1079 ext. 289, Email: jacqueline@chfir.com,
www.chfir.com
© 2008 The Globe and Mail
----------------------------------------------------
To edit your alerts, go to:
https://tdw.globeinvestor.com/generated/hubs/alerts.html
----------------------------------------------------
If you no longer wish to receive this alert, go to:
https://tdwdb.globeinvestor.com/invest/investSQL/port_tdp.alert_news
----------------------------------------------------
Stock Alert data is provided for informational purposes only, and is not intended for trading purposes.
CTVglobemedia Interactive Inc. and its related entities and all their employees assume no liability for inaccurate or incomplete information on this site, or for any missing information. The information is provided by multiple data suppliers without verification by CTVglobemedia Interactive. Past performance is not necessarily indicative of future performance. Prior to making any investment decision, consult directly with the individual or firm, and with a qualified investment advisor.
----------------------------------------------------
© 2008 CTVglobemedia Publishing Inc. All Rights Reserved.