Yorbeau Receives Cash Payment
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 10/30/14 -- Yorbeau Resources Inc. (TSX: YRB.A) ("Yorbeau" or the "Company") is pleased to announce that it has received a cash payment of $738,086 from Gold Fields Sudbury Exploration Corp. ("Gold Fields"). This payment is made as a result of Gold Fields' withdrawal from the Option and Joint Venture Agreement signed with Yorbeau in 2013 (see press release dated June 17, 2014) and represents the shortfall in the $4 million expenditure amount which Gold Fields had committed to incur on the Rouyn property.
About Yorbeau Resources Inc.
The Company's 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates.
More information on the Company may be found on the Company's website at . The raison d'etre of Yorbeau is to identify a world class gold deposit in a major mining camp.
Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
Contacts:
Gerald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
819-279-1336
G. Bodnar Jr.
Director
Yorbeau Resources Inc.
514-384-2202
Toll free in North America: 1-855-384-2202
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2014 - 21:00 Uhr
Sprache: Deutsch
News-ID 348530
Anzahl Zeichen: 7320
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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"Yorbeau Receives Cash Payment"
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