| 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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EXPLORATEUR |
CODE : YRB-A.TO |
ISIN : CA9861913023 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Yorbeau est une société d’exploration minière d'or basée au Canada. Yorbeau détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ROUYN, ASTORIA, AUGMITTO & CINDERELLA, LAKE GAMBLE BLOCK, BESCHEFER et ELLISON au Canada. Yorbeau est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 22,4 millions CA$ (17,5 millions US$, 15,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2000 à 1,80 CA$, et son plus bas niveau récent le 24 avril 2015 à 0,04 CA$. Yorbeau possède 263 440 266 actions en circulation. |