Yukon Nevada Gold Corp T.YNG

Yukon-Nevada Gold Corp. announces private placemen

[arthur7440]

WebBroker Alert

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Yukon-Nevada Gold Corp. announces private placement

cnw






VANCOUVER, March 26 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Robert Baldock, President of Yukon-Nevada Gold Corp. (the "Company"), announces that the Company has negotiated a $5,000,000 non-brokered private placement to sell up to 22,727,272 Common Shares (the "Shares") at a price of
.22 per Share. There is no finder's or commission fee payable on the private placement.


In accordance with securities legislation currently in effect, the Shares will be subject to a "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 to procure equipment and supplies for use during the annual shut down period, restocking the warehouse at the Company's Jerritt Canyon Mine, Nevada and for general working capital purposes.


Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.


If you would like to receive press releases via email please contact [e-mail] 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.






%SEDAR: 00004098E



For further information: Yukon-Nevada Gold Corp., Nicole Sanches, Investor Relations Manager, Tel: [phone] ext 224, Email: [e-mail], www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Director of Operations, Tel: [phone] ext. 225, Email: [e-mail], www.chfir.com

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[mikecrzr]

5 million, no finder's fees/commission, share price near where we are at - is this good news?  Less reliance on BNP perhaps and shares paid to them?   Would the investor have had details on what is in the Mar. 31 report?I am curious, how long is a normal 'shutdown period' and when is it - anyone know?

[talkswitch]

losing money is the normal for YNG, and they are never short of excuses. so called "positive thinking" is not very usefully here, because the glassis not half full. it's almost empty. i'm sure the upcoming Q result is negative.

[AngryBob]

Shutdown periods are pretty normal for most businesses.  Much easier to do regular maintenance and upgrades with everything quiet instead of trying to squeeze in a fix here and there while doing production.  Even though there is no production they tend to be very busy times.  Usually they last 1 maybe 2 weeks, I am not sure what the plan is for YNG.goodtoreadthis, a few days ago i

[goodtoreadthis]

The investors probably got an explanation for the presentation charts posted recently on web site. They got a slight discount on share price, and Paribus probably set this up and executed it for YNG at no addition cost above the 1000 shares per day fee, that is why no fee nor commission. Have seen nothing to date in the posting on site to explain a shut down period. I just entered an order for

[romara]

Goodtoreadthis....Interesting post....but the way I see it now....Orifer is running the show....with it's shareholder, CEO and President on the BoD ........Richard

[goodtoreadthis]

plus paribus in france is probably their banker/broker. orifer is a luxemburgh fund. this is now an int'l company in two stable jurisdictions -u.s. and ca- with existing mines, a mill, assays, and yukon good assay read outs. some of the kiska read out sare 1 to 2 ounces per ton.

[goodtoreadthis]

plus paribus in france is probably their banker/broker. orifer is a luxemburgh fund. this is now an int'l company in two stable jurisdictions -u.s. and ca- with existing mines, a mill, assays, and yukon good assay read outs. some of the kiska read outs are 1 to 2 ounces per ton.

[goodtoreadthis]

plus paribus in france is probably their banker/broker. orifer is a luxemburgh fund. this is now an int'l company in two stable jurisdictions -u.s. and ca- with existing mines, a mill, assays, and yukon good assay read outs. some of the kiska read outs are 1 to 2 ounces per ton.