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Yankee Hat Closes Second Tranche of Financing for $694,883
Sep. 30, 2010 03:52PM PST
Rare Earth Investing
Yankee Hat Minerals Ltd. (CVE:KHT) reported that it has closed the second tranche of its previously announced private placement, for a total of $694,883 in gross proceeds.
Yankee Hat Minerals Ltd. (TSXV:KHT) reported that it has closed the second tranche of its previously announced private placement, for a total of $694,883 in gross proceeds.
The press release is quoted as saying:
Yankee Hat has issued 11,052,270 shares at a price of $0.05 per non-flow-through unit, and 1,896,934 shares at a price of $0.075 per flow-through unit. The Pro-Group participants in this second tranche are Peter Brown ($100,000) and Michael Winiker ($10,000) and the insider participating is Tarbo Resources ($33,500). The proceeds from the offering will be used for the fall drill program on the company’s Fran property and for general working capital purposes.
Click here to access the entire press release
Click here to access Yankee Hat Minerals Ltd. Corporate Site