Yorbeau Closes $1 M Private Placement
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 12/04/14 -- Yorbeau Resources Inc. (the "Company") (TSX: YRB.A) is pleased to announce that it has completed a non-brokered private placement of 12,500,000 flow-through common shares at a price of $0.08 per share for gross proceeds of $1,000,000.
At closing, the Company paid a finder's fee to M Partners Inc. of 7% of the gross proceeds of the private placement and issued finder's warrants to purchase a total of 875,000 common shares at a price of $0.08 per share exercisable until December 3, 2016.
The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.
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
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Unternehmensinformation / Kurzprofil:
Datum: 04.12.2014 - 16:09 Uhr
Sprache: Deutsch
News-ID 357375
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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