11 December 2015
VANCOUVER, British Columbia (December 11, 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 releases, included those dated February 13, 2014 to November 2, 2015) has been further extended from November 30, 2015 to January 29, 2016. 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.
While Tyhee also remains interested in adding suitable assets to its portfolio, the Company’s nearer term focus is on reviving its operations and resuming trading. In this regard, 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.