Yankee Hat Closes Second Tranche of Financing for $694,883

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.

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