/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSX Venture: TDC
VANCOUVER, Sept. 20 /CNW/ - Tyhee Development Corp. (TSX Venture: TDC)
announces that it has received gross proceeds of $84,825 for a non-brokered
private placement totaling 188,500 common shares, which will also be
designated as flow through shares, at a price of $0.45 per share. Insiders of
the Company are participating in the private placement. The securities when
issued will be subject to a hold period in Canada expiring four months from
closing of the private placement. The private placement is subject to the
final approval from the TSX Venture Exchange.
This private placement is in addition to the closings of the Company's
private placements previously announced on September 6, 2007.
The funds from the private placement will be used for further exploration
and development of the Company's mineral projects, including the
advanced-stage Yellowknife Gold Project.
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
The Company's principal focus is the development of its Yellowknife Gold
Project. The Yellowknife Gold Project consists of 6,625 hectares (15,481
acres) of mining leases located 90 km (56 miles) north of Yellowknife. The
property hosts several areas of gold mineralization, including the partially
developed Nicholas Lake Gold Zone, the Ormsby Zone and the Bruce Lake Zone. A
1.2 million ounce measured and indicated gold resource plus a 353,000 ounces
inferred gold resource has been identified on the property as reported June
20, 2007 (News Release S.8 R.11). A full report is available on SEDAR at
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC".
For additional information, please visit the Company's website,
For further information:
For further information: Tyhee Development Corp., David Webb, President
and CEO, Tel: (604) 681-2877 (toll free 1-866-681-2877), email@example.com