Key Developments: Yellowhead Mining Inc (YMI.TO)
0.42CAD
22 May 2013
$0.02 (+5.00%)
$0.40
$0.42
$0.42
$0.42
5,843
31,555
$0.99
$0.28
Latest Key Developments (Source: Significant Developments)
Yellowhead Mining Inc Announces Partial Closing Of Private Placement
Yellowhead Mining Inc announced that it has completed an additional portion of its previously announced non-brokered private placement of common shares of the Company (the Common Shares). An aggregate of 1,825,689 flow-through Common Shares (the FT Shares) were issued to various qualified investors at an issue price of $0.70 per FT Share. Gross proceeds from the closing of this portion of the private placement totaled approximately $1.28 million. Proceeds received by the Company for the sale of the FT Shares will be used for the exploratory drilling program announced by the Company in a news release issued on December 7, 2012 . After this closing, there are 63,450,170 issued and outstanding Common Shares of the Company. Full Article
Yellowhead Mining Inc Announces Partial Closing Of Private Placement
Yellowhead Mining Inc announced that it has completed an additional portion of its previously announced non-brokered private placement of common shares of the Company (the Common Shares). An aggregate of 340,000 Common Shares were issued to various individual qualified investors at an issue price of $0.65 per Common Share. In addition, 315,714 flow-through Common Shares (the FT Shares) were issued to an individual qualified investor at an issue price of $0.70 per FT Share. The gross proceeds received by the Company for the sale of the FT Shares will be used for the exploratory drilling program announced by the Company in a news release issued on December 7, 2012 . After this closing, there are 61,624,481 issued and outstanding Common Shares of the Company. Full Article
Yellowhead Mining Inc Announces Commencement Of 11,000m Drill Program
Yellowhead Mining Inc announced that it has commenced a 11,000m in-fill drill program aimed at upgrading the category of resources within the pit area and allowing for more detailed mine planning and potential exploration benefits. The program has mobilized three drill rigs and is expected to be completed in March 2013. Lab results for the drilling are expected to be available throughout the program. Full Article
Taseko Mines Ltd Announces Purchase of Shares in Yellowhead Mining Inc
Taseko Mines Ltd announced that it has acquired 7,692,307 common shares of Yellowhead Mining Inc. (Yellowhead) at a price of $0.65 per share pursuant to a private placement for subscription proceeds of $5 million. Prior to the acquisition of these 7,692,307 shares, Taseko held 2,577,200 shares of Yellowhead representing approximately 4.8% of Yellowhead's issued shares prior to the closing of the private placement. As a result of its participation in this private placement, Taseko holds a total of 10,269,507 shares of Yellowhead, representing approximately 16.8% of the shares of Yellowhead currently issued and outstanding. Full Article
Yellowhead Mining Inc Announces Partial Closing Of Private Placement
Yellowhead Mining Inc announced that it has completed the first portion of its previously announced non-brokered private placement of common shares of the Company (the Common Shares) at an issue price of $0.65 per Common Share (the Offering). An aggregate of 7,692,307 Common Shares were issued to one investor for gross proceeds of approximately $5,000,000. In connection with the Offering, the Company paid a finder's fee of $250,000 equal to 5% of the gross proceeds. In connection with this private placement, the Company has granted the subscriber the right to participate in future equity financings of the Company in order to maintain its proportionate equity interest in the Company. After this closing, there are 60,968,767 issued and outstanding Common Shares of the Company. Full Article
Yellowhead Mining Inc Announces Appointment Of Gregory Hawkins As Interim Chief Executive Officer
Yellowhead Mining Inc announced that its Board of Directors has appointed Gregory Hawkins, current Chairman of the Board of the Company, to also fill the role of Interim Chief Executive Officer replacing Mr. Ian Smith, the outgoing President and Chief Executive Officer. The Board is taking steps to fill the position of Chief Executive Officer in an expeditious manner. Full Article
Yellowhead Mining Inc Commences Trading In U.S. On OTCQX International
Yellowhead Mining Inc announced that effective August 23, 2012, the Company's common shares will commence trading in the United States on the OTCQX International under the symbol YHMGF. The OTCQX is the premier marketplace on OTC Markets Group's visible electronic trading venue in the U.S. and the OTCQX International tier is designed for non-U.S. companies listed on qualified international stock exchanges. Full Article
Yellowhead Mining Inc Announces Graduation To Toronto Stock Exchange
Yellowhead Mining Inc announced that the common shares of Yellowhead have been approved for listing on the Toronto Stock Exchange (TSX) and will commence trading on the TSX at market open on June 11, 2012. Concurrent with the TSX listing, the Company's common shares will be de-listed from the TSX Venture Exchange (TSX.V). The trading symbol of the Company's common shares will continue to be YMI. Full Article
Yellowhead Mining Inc Changes Financial Year End
Yellowhead Mining Inc announced that it intends to change its financial year end from October 31 to December 31 . The change in financial year end will allow the Company to provide continuous disclosure information on a comparable basis with its peer group. As a result of this change, the Company will have a transitional 14 month financial year ending December 31 , 2012. Further details regarding the change in financial year, including the Company's interim reporting periods, will be available in the Company's Notice of Change of Financial Year-End prepared in accordance with section 4.8 of National Instrument 51-102. Full Article
Yellowhead Mining Inc Announces Appointment Of New Chief Financial Officer
Yellowhead Mining Inc announced the appointment of Saurabh Handa as Chief Financial Officer effective January 4, 2012. Mr. Handa replaces Robert L. J. Harper who will remain with the Company through a transition period to the end of January as Chief Financial Officer and continue thereafter as a consultant. Full Article
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