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Yankee Hat Announces Non-Brokered Private Placement
May 22nd, 2008
Mr. Cale Thomas reports
Yankee Hat Minerals Ltd. (TSX-V:KHT)
(�Yankee Hat� or the �Company�) announces that it intends to complete a
non-brokered private placement, subject to regulatory approval, to raise up
to $1,350,000 by the issuance of up to 9 million flow through common shares
at a price of $0.15 per share (the �Offering�).
The Company intends to use the net proceeds from the financing for
exploration expenses on the Company's projects and general and
administrative expenses. Finder�s fees may be paid in connection with
the Offering.
This financing will be used to further the
Company�s strategy of acquiring advanced stage exploration projects,
focusing on minerals that have strong underlying commodity price
fundamentals.
ON BEHALF OF THE BOARD OF DIRECTORS
�Cale Thomas �
Cale Thomas
Chief Financial Officer
For more information please visit the company website at: http://www.yankeehatminerals.com
Or contact Brad Kitchen at 604.637.3114 or Gus Garisto, Bay Street
Connect at 416.805.3106
This news release has been prepared by management.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the Company�s
control which may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
achievements implied by these forward looking statements. We seek safe harbour.
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Stock
Information
Symbol: KHT (TSX-V)
Recent Price:
C$0.12
Shares Outstanding:54,449,761
Market Capitalization:
C$6.5M
Contact
Information
Yankee Hat
Minerals Ltd.
Ph: 1.877.646.0049
Fax: 604.606.7980
http://www.yankeehatminerals.com
Investor
Relations
Gus Garisto
Bay Street Connect
Ph: 416.805.3106
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