On October 20, 2014, Tyhee Gold Corp. (OTCPK:TYHJ.F) closed the transaction. The company issued 3,888,889 units for gross proceeds of CAD 350,000 in its second tranche.

$199,530 (CAD 224,930) of the proceeds has been received from five investors pursuant to exemption provided under Regulation D. The transaction will open for more than one year. The warrants issued will expire on October 20, 2016. The company has issued a total of 4,888,889 units for gross proceeds of CAD 440,000 in the transaction.

All securities issued are subject to a hold period of four month, expiring on February 21, 2015. The conversion has been done through www.oanda.com on October 20, 2014. The company announced that TSX Venture Exchange has accepted filing documentation with respect to units issued in the first and second tranche.

The transaction included participation from 7 placees. Aggregate professional group, involves 1 placee has subscribed for 1,000,000 shares.