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In connection with the Offering, the Company has paid finder's fees of CDN$49,245 in cash equal to 7% of CDN$703,500 aggregate gross proceeds raised from the sale of 4,690,000 Shares subscribed by the subscribers introduced to the Company by the finders.
Insider (Y) / Pro Group (P) Participation:
Christopher Hunt P 150,000
Benard Hensel P 200,000
Bob Verhelst P 150,000
Margaret Bahcheli P 150,000
Pauline Brown P 50,000
Tumer Bahcheli P 535,000
P. Bradley Kitchen Y 196,333
Cale Thomas Y 147,000
Tarbo Resources Ltd. Y 100,000
The Shares issued from the Offering are subject to a hold period until November 16, 2008 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 for exploration and development on the Company's projects.
ON BEHALF OF THE BOARD OF DIRECTORS
P. Bradley Kitchen, President, CEO, and Director
This news release has been prepared by management. 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.
SOURCE: Yankee Hat Minerals Ltd.
IR Pro Communications (Vancouver) Nance Massicotte Corporate Inquiries (604) 507-3377 or Toll Free: 1-866-503-3377 Email: nance@irprocommunications.com Bay Street Connect (Toronto) Gus Garisto (416) 607-6023 Email: gus@baystreetconnect.com AGORACOM Investor Relations Investor Relations Email: KHT@agoracom.com Website: http://www.agoracom.com/IR/YankeeHatMinerals
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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.
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