Read Larry Connors' blog – Short Term Trading Strategies
The proposed private placement will still involve the issuance of 100,000,000 units at $0.05 per unit. Each unit will consist of one common share plus one-half (1/2) of one common share warrant (compared to one-quarter (1/4) of one common share warrant as previously announced on August 20, 2008). Each full warrant will entitle the holder to purchase an additional common share at $0.075 per share for two (2) years following the closing date.
There will be three subscribers of the proposed private placement who will be subscribing for Cdn.$2 million, Cdn.$1.5 million and Cdn.$1.5 million, respectively. Two of the foregoing subscribers will be entitled to nominate a director to the board of directors of Tagish.
Proceeds of the private placement will be used for working capital, general corporate purposes and the feasibility study.
The closing of the private placement is subject to the approval of the TSX Venture Exchange and the units issued pursuant to the private placement will be subject to a four-month hold period.
About Tagish Lake Gold
Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits in the Yukon Territory of Canada. The Company is currently focused on its wholly owned, 178 km2 Skukum Mineral District, located 80 km by road south of Whitehorse. The Skukum Mineral District hosts the high-grade Skukum Creek gold-silver deposit, the Goddell Gully gold deposit and the Mt. Skukum gold deposit. Tagish is currently at the Feasibility stage.
FOR FURTHER INFORMATION, visit the Company's website at www.tagishgold.com.
Should you wish to receive Company news via email, please email lmalcolm@tagishgold.com and specify "TLG News" in the subject line.
This news release includes certain forward looking statements in respect to various issues including upcoming events. These forward looking statements are based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. Mineral exploration is subject to a high degree of risk, which even a combination of experience, knowledge, and careful evaluation may fail to overcome. Exploration activities are also expensive. The Company will therefore require additional financing to carry on its business, and such financing may not be available when it is needed. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.
SOURCE: Tagish Lake Gold Corp.
Tagish Lake Gold Corp. Greg Hawkins CEO (604) 273-6447 Tagish Lake Gold Corp. Lindsay Malcolm Investor Relations (604) 273-6447 (604) 273-6488 (FAX) Email: lmalcolm@tagishgold.com Website: www.tagishgold.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
