Yorbeau Closes First Tranche of a Private Placement
MONTREAL, QUEBEC, June 15, 2017 – Yorbeau Resources Inc. (TSX:YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed the first tranche of a $1,500,000 non-brokered private placement by issuing 11,999,285 common shares at a price of $0.105 per share for gross proceeds of $1,259,924.92. EMD Financial Inc. acted as finder in connection with such private placement.
The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.
The Company also announced that its ticker for trading on the Toronto Stock Exchange, which is currently “YRB.A”, will be modified to “YRB” effective at the opening of markets on June 30, 2017.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.
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