Tyhee Gold Corp. (TSXV:TDC) announced that it intends to conduct a private placement of 10,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 1,000,000 on July 4, 2014. Each unit will consists of one common share and one half warrant, with one whole warrant entitling the holder to acquire one share of the company at an exercise price of CAD 0.15 per share. Units will be offered in blocks of 2,500,000.

On August 1, 2014, the company amended the terms of the transaction. The company announced that it will issue 10,000,000 units at a price of CAD 0.09 per unit for gross proceeds of CAD 900,000 in a non-brokered private placement. The warrants will expire in 24 months from the date of its issuance. The securities issued will be subject to a four month hold period from closing. TSX Venture Exchange has conditionally approved the transaction.

On August 28, 2014, the company issued 1,000,000 units for gross proceeds of CAD 90,000 in the first tranche. All securities issued are subject to a hold period of four month, expiring on December 29, 2014. The company anticipates extending the transaction with the closing of an additional tranche on or before October 24, 2014, consisting of 3,888,889 units.