2 November 2015
Capital Raising Efforts Continuing
VANCOUVER, British Columbia (November 2, 2015) – Tyhee Gold Corp. (NEX: 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 September 15, 2015) has been further extended from October 30, 2015 to November 30, 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:TSX-V) (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.