29 August 2015
VANCOUVER, British Columbia (August 29, 2015) – Tyhee Gold Corp. (TSX Venture Exchange: TDC) (the “Company” or “Tyhee”) announces that the Maturity Date of the previously announced Note Purchase Agreement (‘the Agreement”) with RMB Australia Holdings Limited (“RMB Australia”) (see Tyhee news release dated July 22, 2015) has been further extended from August 28, 2015 to September 11, 2015. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan (the “RMB Note”), which bears interest at 2% per month. This further extension has been made primarily in order to facilitate Tyhee’s ongoing efforts to raise the capital to repay the RMB Note.
As previously noted, Tyhee also remains very interested in acquiring RMB Australia’s investments in Sutter Gold Mining Inc. (SGM:TSXV) (SGMNF:OTCQX) (“Sutter”) and is continuing its discussion with RMB regarding such a potential transaction.
Meanwhile, Tyhee continues to be actively engaged with a variety of international investment groups, which have expressed an interest in providing the capital required to support the Company and conclude a transaction with Sutter.