TDC

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES. 

Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company" or "Tyhee") is pleased to
announce plans to create a Special Purpose Vehicle ("SPV") through which a fund
of up to US$37.5 million is intended to be raised in the form of secured,
Convertible Debentures ("the Debentures.") Tyhee Gold Corp is completing steps
for the formation of Tyhee Finance Luxembourg SARL, which is expected to have a
five-person Board of Directors, with two being nominated by Tyhee. The purpose
of the SPV will be to provide Tyhee with funds, subject to certain investment
criteria, to fund corporate acquisitions. 


The majority of funds raised are to be used to acquire and restructure (see
Tyhee news release dated November 14, 2013) current and future corporate
opportunities identified by Tyhee. The Company is considering a number of
appropriately sized gold producers or late-stage developers where it is believed
that, particularly in the current challenged resource investment environment,
there is the potential to leverage Tyhee's significant management, technical and
financial markets experience to restructure these companies. In each case, the
objective would be to generate near term cash-flow as well as to accelerate
growth, providing a strong platform on which Tyhee could build a new
multi-project gold mining company. 


While the terms of the Debentures remain subject to final determination and may
change materially from those contained herein, the Debentures are expected to
have a five-year term and to bear interest at 8% per annum, payable annually in
cash or in gold, at the option of the investor. Investors will also have the
option of converting the Debentures into Common Shares at the rate of one Common
Share of Tyhee for each US$0.30 converted. In addition, if after the first two
years the price of gold exceeds US$2,000 per ounce for a specified period of
time, a portion of the Debentures will, at the option of the holder, be
redeemable into ounces of gold at a deemed price of US$2,000 per ounce, or the
cash equivalent amount. 


Up to 10 per cent of the funds raised are to be used for general corporate
purposes, including the ongoing development of Tyhee's Yellowknife Gold Project
(YPG"), an advanced stage wholly-owned gold project in the development and
permitting stage. 


The Debentures are to be secured by the assets of Tyhee (NWT) Corp., Tyhee's
wholly-owned operating entity, which holds the YGP, including all of the shares
and securities owned by Tyhee. 


Denis Taschuk, Chairman of the Board, said, "As we have recently announced, we
believe this is an exceptional opportunity for Tyhee and its investors to
benefit by leveraging our corporate expertise to refinance and restructure one
or more gold projects that, for one reason or another, are unable to move
forward. Our vision is to become one of a new generation of small but growing
multi-project gold mining companies and this structure and financing plan are
driven so that we can make this a reality." 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


All statements in this news release that address events or developments that the
Company expects to occur, other than statements of historical facts, is
"forward-looking information". Forward-looking information is necessarily based
on estimates and assumptions that are inherently subject to known and unknown
risks, uncertainties and other factors that may cause the Company's actual
results, performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "expects", "believes", "anticipates", "budget", "scheduled",
"estimates", "forecasts", "intends", "plans" and variations of such words and
phrases, or by statements that certain actions, events or results "may", "will",
"could", "would" or "might", "be taken", "occur" or "be achieved".
Forward-looking statements made in this news release include all statements
related to: the Company's intention to establish a special purpose vehicle; the
terms of the proposed note offering including the size of the offering; the
Company's corporate strategy; the potential for an acquisition or merger by the
Company; becoming the next generation of multi project gold mining company. 


Such forward-looking information may is based on management's reasonable
estimates and assumptions, including without limitation, assumptions about:
general economic conditions and conditions in the financial markets; limited
changes in demand and prices for minerals; the ability of the Company to access
sufficient financing as contemplated in this news release; the ability of the
Company to identify appropriate merger or acquisition opportunities, or if an
opportunity is identified, to conclude a transaction on satisfactory terms or to
realize the expected benefits of any transaction; the ability of the Company to
satisfy the conditions in any agreement related to such a transaction; the
belief that due diligence investigations of any involved party will not identify
any materially adverse facts or circumstances; that the required approvals will
be obtained from shareholders; that all required third party, regulatory and
government approvals will be obtained; and that Tyhee will be able to achieve
its operational, production and/or financial objectives in respect of any
acquisition and generally. Factors that could cause future events to differ from
those anticipated in forward-looking statements include: inability to identify
merger or acquisition opportunities, or once identified, negotiate a transaction
on terms acceptable to Tyhee; delays in obtaining approvals for acquisition or
merger activity, litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; fluctuations in foreign
exchange rates and interest rates; inability to achieve operational efficiencies
on any acquired property sufficient to overcome the costs of acquisition or
merger; discrepancies between actual and estimated reserves and resources or
between actual and estimated metallurgical recoveries; costs of production;
capital expenditure requirements; the costs and timing of any acquisition or
merger, including but not restricted to construction, expansion or enhancement
of new or existing operations; the success of exploration and permitting
activities; parts, equipment, labor or power shortages or other increases in
costs; mining accidents, labour disputes or other adverse events; changes in
applicable laws or regulations; that there are no material variations in the
current tax and regulatory environment or the tax positions taken by the
Company; that the regulatory and political environment within any country where
any such targeted entity or project may be located will support the development
of environmentally safe mining projects, and any other factors that may cause
Tyhee's actual results, performance or achievements to be materially different
from those expressed or implied by such information. 


In addition to the above, the factors described or referred to under the
headings "Financial Risks and Uncertainties" and "Operational Risks and
Uncertainties" in Tyhee's Management Discussion and Analysis for the year ended
November 30, 2012, which is available on the SEDAR website at www.sedar.com,
should be reviewed in conjunction with the information found in this news
release. 


Although Tyhee has attempted to identify important factors that could cause
actual results, performance or achievements to differ materially from those
contained in forward-looking information, there can be other factors that cause
results, performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate or that management's expectations or estimates of future developments,
circumstances or results will materialize. As a result of these risks and
uncertainties, any proposed transaction could be modified, restricted or not
completed, and the results or events predicted in these forward-looking
statements may differ materially from actual results or events. Accordingly,
readers should not place undue reliance on forward-looking information. 


The forward-looking information in this news release is made as of the date of
this news release, and Tyhee disclaims any intention or obligation to update or
revise such information, except as required by applicable law. This news release
does not constitute an offer to buy any securities or a solicitation of any vote
or approval or a solicitation of an offer to sell any securities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
GT Investor Relations Inc.
Greg Taylor
O: 905 337-7673 C: 416 605-5120
gtaylor@tyhee.com


Tyhee Gold Corp.
Brian Briggs
President
604 681-2877
info@tyhee.com
www.tyhee.com

Tyhee Gold Corp. (TSXV:TDC)
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부터 5월(5) 2024 으로 6월(6) 2024

Tyhee Gold Corp. (TSXV:TDC)
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부터 6월(6) 2023 으로 6월(6) 2024