Latest news for Tyhee Gold (OTC:TYHJF) Stock

Tyhee Gold Corp is a mining company. The Company is engaged in exploration and development of mineral resource properties in Canada. It operates in Yellowknife Gold Project in Northwest Territories. It only operates in one operating segment.

TYHEE GOLD CORPORATION by Tyhee Gold Corp.

Tyhee Gold Corp

Tyhee Gold

Tyhee Gold (OTC: <a class="ticker" href="/stock/tyhjf#OTC">TYHJF</a>) is pleased to report that it has entered into an agreement with Santa Fe Gold Corporation whereby, subject to certain conditions, Tyhee, acting through a newly-incoporated Delaware subsidiary corporation, will acquire 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee (the "Transaction"). Santa Fe (OTCQB: <a class="ticker" href="/stock/sfeg#OTCQB">SFEG</a>) currently holds a number of precious metals properties in New Mexico, USA, including the Summit gold mine, which began commercial production in 2012 before mining activities were suspended in November 2013, primarily due to operational challenges brought on by capital constraints. Trading of Tyhee shares, which was halted at the request of the Company on January 17th, is expected to resume shortly following this announcement. The unusual length of this halt has been due primarily to a number of regulatory and financial complexities related to the Transaction, which have now been resolved. 
    
    <a href="http://www.benzinga.com/pressreleases/14/01/m4248460/tyhee-gold-agrees-to-merge-with-santa-fe-gold">See full press release</a>

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Friday, January 24, 2014

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