ENP Newswire -
Release date- 22082014 -
Under the terms of the Agreement,
This extension has been made in order to facilitate Tyhee's plans to raise the appropriate capital for the previously announced Implementation Agreement with
Tyhee has been actively engaged for several months with a variety of large investors in
In parallel with the SPV, the Company is also advancing discussions with a number of institutional investors concerning alternative financing structures, including possible debt-based financing with potential equity and other components.
In both cases, discussions are quite advanced and the Company hopes to provide an update in the coming weeks.
Due Diligence Process
In order to advance the financing process, Tyhee has recently engaged
Upon the successful completion of this proposed transaction, Tyhee's core assets will include a number of precious metals properties in near
Tel: 905 337-7673
Tel: 604 681-2877
This news release contains 'forward-looking information' under Canadian securities law.
Any information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words such as 'expect', 'anticipate', 'believe', 'plans', 'estimate', 'scheduling', 'projected' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.
Forward-looking information relates to, among other things: the price of silver and gold; the accuracy of mineral resource and mineral reserve estimates; the ability of the Company to finance its operations and capital expenditures; future financial and operating performance including estimates of the Company's revenues and capital expenditures and estimated production.
Forward looking statements made in this news release include all statements related to: the Company's intention to establish a special purpose vehicle; the Company's ability to implement the Company's corporate strategy; the anticipated closing of the Transaction; the anticipated restructuring of the
Factors that could cause future events to differ from those anticipated in forward looking statements include: inability to identify merger or acquisition opportunities, or once identified, negotiate a transaction on terms acceptable to Tyhee; inability to meet the conditions provided for in the Implementation Agreement, including obtaining sufficient funding for the acquisition and the proposed cash injection; delays in obtaining approvals for acquisition or merger activity, including final approval of the
In addition to the above, the factors described or referred to under the headings 'Financial Risks and Uncertainties' and 'Operational Risks and Uncertainties' in Tyhee's Management Discussion and Analysis for the six months ended
Although Tyhee has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize.
As a result of these risks and uncertainties, any proposed transaction could be modified, restricted or not completed, and the results or events predicted in these forward looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking information.
The forward-looking information in this news release is made as of the date of this news release, and Tyhee disclaims any intention or obligation to update or revise such information, except as required by applicable law. This news release does not constitute an offer to buy any securities or a solicitation of any vote or approval or a solicitation of an offer to sell any securities.
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