The Prospector News

Yorbeau Completes Final Tranche of Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Yorbeau Completes Final Tranche of Private Placement

 

 

 

 

 

Yorbeau Resources Inc. (TSX:YRB.A) is pleased to announce that it has completed the final tranche of its previously announced private placement by issuing 850,000 additional flow-through common shares at a price of $0.125 per share for gross proceeds of $106,250. The Company has raised total gross proceeds of $1,281,250 under this financing.

 

 

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. Yorbeau and Kinross Gold Corporation have recently signed a letter of intent providing for the grant to Kinross of an option to acquire a 100% interest in the Company’s Rouyn Property

 

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. The newly acquired base metal properties include Scott Lake which hosts important mineral resources, and Beschefer where, regionally, exploration interest has been increasing.

 

Posted October 17, 2016

Share this news article

MORE or "UNCATEGORIZED"


Orsu Metals Closed Two Concurrent Private Placements Raising C$1.44 Million

Orsu Metals Corporation (TSX-V:OSU) is pleased to announce it has... READ MORE

November 8, 2019

Balmoral Welcomes Strategic Investment from Mr. Eric Sprott, Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $3.5 Million

Balmoral Resources Ltd. (TSX:BAR) announces that it has closed th... READ MORE

November 8, 2019

Monument Announces Drill Program Results at Selinsing Gold Mine Pit 4

Monument Mining Limited (TSX-V: MMY) (FSE: D7Q1) is pleased to an... READ MORE

November 8, 2019

Intercontinental Gold and Metals Ltd. Reports Record Gold Exports for Q3 2019; Revenue increased by 286% to $136.0M versus $35.2M in the Q3 2018

Intercontinental Gold and Metals Ltd. (TSX-V: ICAU) (OTC: GXMLF) ... READ MORE

November 8, 2019

AMEX Announces Closing of C$8 Million Bought Deal Private Placement

Amex Exploration Inc. (TSX-V: AMX) is pleased to announce that it... READ MORE

November 8, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions