Tyhee Gold Corp. announced that it expects to receive CAD 0.21 million in funding.
On December 17, 2014, the company announced that it has amended the terms of the transaction. The company will issue up to 24,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 1,440,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase a further common share of the company at an exercise price of CAD 0.10 per warrant share expiring 24-months from the date of issuance. The closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.
On March 20, 2015, the company announced that it has completed the first tranche the transaction. The company issued 7,750,000 units for gross proceeds of CAD 465,000. The securities issued are subject to a hold period expiring on July 06, 2015.