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Yellowhead Mining closes US$20 million bought deal private placement

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Yellowhead Mining Inc.

On April 5, 2011, Yellowhead Mining Inc. (YMI:TSX-V) announced the closing of its previously announced bought deal private placement, including the partial exercise of the over-allotment option. Yellowhead Mining issued an aggregate of 14,129,655 units of the company for gross proceeds of $20,488,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each whole warrant exerciseable for an additional common share of the company at a price of $2.00 per share for a period of 24 months following the closing.The offering was led by Canaccord Genuity Corp. and included Clarus Securities Inc., Jennings Capital Inc. and Stonecap Securities Inc.Yellowhead Mining was advised in this transaction by Fasken with a team that included Georald Ingborg, Caroline Clapham and Johanna Fipke.



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