Columbia Yukon Closes Private Placement

Columbia Yukon Explorations Inc. (TSXV:CYU) announced that, further to its news release dated August 20, 2010, Columbia Yukon has closed its non-brokered private placement.

The press release is quoted as saying:

The Company has raised $383,600 by the issuance of 2,557,333 flow through units (the “FT Units”) at a price of $0.15 per unit. Each FT Unit consists of one flow through common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional non-flow through common share at a price of $0.15 for a period of two years from the closing date. All of the securities issued pursuant to this Private Placement are subject to a hold period expiring on January 28, 2011. The Company intends to use the proceeds from the Private Placement for furthering the exploration of the Company’s Storie Property molybdenum project.

Click here to access the entire press release

Click here to access Columbia Yukon Explorations Inc. Corporate Site