Yankee Hat Closes First Tranche of Financing
January 22nd, 2009 Mr. Brad Kitchen reports
Yankee Hat Minerals Ltd. (TSX-V:KHT) ("Yankee Hat" or the "Company") is pleased to announce that it has closed the first tranche of its private placement of 2,215,000 shares (the "Offering"). The Company has issued these shares at an offering price of $0.05 per common share.
The insiders of the Company who participated in this Offering are Terence Schorn and Cale Thomas.
The Shares issued from the Offering are subject to a hold period until May 14, 2009 in accordance with the policies of the TSX Venture Exchange. This Offering is subject to final TSX Venture Exchange approval. The net proceeds of the private placement will be used on the Company's exploration projects in the Yukon Territory.
ABOUT YANKEE HAT MINERALS LTD.
Yankee Hat Minerals Ltd. is a publicly held resource company that utilizes its management's expertise in mineral exploration and evaluation, and financial acumen, to identify, acquire, and develop mineral prospects in mining friendly jurisdictions with the potential to host large-scale discoveries. The company strategically focuses on advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.
Investors are invited to visit Yankee Hat's IR Hub at http://www.agoracom.com/ir/yankeehatminerals where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS
"P. Bradley Kitchen "
P.Bradley Kitchen President, CEO, and Director.
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. |
Stock Information
Symbol: KHT (TSX-V) Recent Price: C$0.04 Shares Out: 68,253,650 Market Capitalization: $2.7M
Contact Information
Yankee Hat Minerals Ltd.
Ph: 604.638.8072 Fax: 604.688.9620 www.yankeehatminerals.com
Investor Relations
Nance Massicotte IR Pro Communications (Vancouver) Ph: 604.507.3377 Toll Free : 1.866.503.3377 nance@irprocommunications.com
Gus Garisto Bay Street Connect (Toronto) Ph: 416.607.6023 gus@baystreetconnect.com
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