Vancouver, November 6, 2008 – Yankee Hat Minerals Ltd. (“Yankee Hat” or the “Company”) (TSX-V: KHT) is pleased to announce that the Company will be offering a non-brokered private placement (the “Offering”) of up to 10,000,000 flow through common shares (the “Shares”) in the capital of the Company at a price of CDN$0.05 per share for an aggregate gross proceeds of up to $500,000. The Company reserved the offering price by way of a price reservation form filed with the TSX Venture Exchange (the “Exchange”) on October 1, 2008. The Shares issued in connection with this Offering will be subject to a hold period expiring four months after the close of the Offering.
In connection with the Offering, the Corporation has agreed to pay to a Finder’s Fee of 7% to each of the Finders of the Offering. The Offering will be closed promptly upon receipt of all necessary regulatory approvals.
The net proceeds of the private placement will be used for exploration and development on the Company’s projects.
ON BEHALF OF THE BOARD OF DIRECTORS
“P. Bradley Kitchen”
P. Bradley Kitchen
President, CEO, and Director
ABOUT YANKEE HAT MINERALS:
Yankee Hat Minerals Ltd. is a publicly held resource company that utilizes its management’s expertise in mineral exploration and evaluation, and financial acumen, to identify, acquire, and develop mineral prospects in mining friendly jurisdictions with the potential to host large-scale discoveries. The company strategically focuses on advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.
Investors are invited to visit Yankee Hat's IR Hub at http://www.agoracom.com/ir/yankeehat... where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.
For further information, please contact:
Corporate Inquiries:
Investor Relations:
AGORACOM Investor Relations
Web: http://www.agoracom.com/IR/YankeeHat...
Email: KHT@agoracom.com
This news release has been prepared by management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbour.
