| Yorbeau closes second tranche of private placement | |
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Montreal, April 20, 2016 - Yorbeau Resources Inc.(the 'Company') (TSX: YRB.A) is pleased to announce that it has completed a second tranche of its previously announced private placement (see press release dated March 11, 2016) by issuing an additional 3,571,428 units at a price of $0.07 per unit for gross proceeds of $250,000. The Company has raised total gross proceeds of $750,000 under this financing.
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.The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.
More informationon the Company may be found on the Company's website at www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
[email protected]Tel : 819-279-1336
G. Bodnar Jr. Director
Yorbeau Resources Inc.
[email protected]Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202
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.
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Yorbeau Resources Inc.
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EXPLORATION STAGE |
CODE : YRB-A.TO |
ISIN : CA9861913023 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yorbeau is a gold exploration company based in Canada. Yorbeau holds various exploration projects in Canada. Its main exploration properties are ROUYN, ASTORIA, AUGMITTO & CINDERELLA, LAKE GAMBLE BLOCK, BESCHEFER and ELLISON in Canada. Yorbeau is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 22.4 millions as of today (US$ 17.5 millions, € 15.3 millions). Its stock quote reached its highest recent level on December 29, 2000 at CA$ 1.80, and its lowest recent point on April 24, 2015 at CA$ 0.04. Yorbeau has 263 440 266 shares outstanding. |