20:53:53 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Tyhee Gold Corp
Symbol TDC
Shares Issued 439,651,644
Close 2015-06-03 C$ 0.01
Market Cap C$ 4,396,516
Recent Sedar Documents

Tyhee Gold extends RMB Australia note to Aug. 13

2015-07-31 12:46 ET - News Release

Mr. Brian Briggs reports

TYHEE GOLD: RMB FURTHER EXTENDS MATURITY DATE OF LOAN TO AUGUST 13, 2015 CAPITAL RAISING EFFORTS CONTINUING

The maturity date of Tyhee Gold Corp.'s previously announced note purchase agreement with RMB Australia Holdings Ltd. (see Tyhee news release dated July 22, 2015) has been further extended from July 28, 2015, to Aug. 13, 2015. Under the terms of the agreement, RMB Australia provided the company with a $5-million (U.S.) loan, which bears interest at 2 per cent per month. This further extension has been made primarily in order to facilitate Tyhee's plans to raise the capital to repay the RMB note.

As previously noted, Tyhee also remains very interested in acquiring RMB Australia's investments in Sutter Gold Mining Inc. and is continuing its discussion with RMB regarding such a potential transaction.

Meanwhile, Tyhee continues to be actively engaged with a variety of large international investment groups, which have expressed an interest in providing the capital required to conclude the transaction.

We seek Safe Harbor.

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