Yorbeau Resources Inc.: Closes Private Placement
MONTREAL, Jan 6, 2015 - Yorbeau Resources Inc. (the "Company") (TSX:YRB.A) is pleased to announce that it has completed a non-brokered private placement of 4,210,000 flow-through common shares at a price of $0.08 per share for gross proceeds of $336,800. 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 www.yorbeauresources.com. The raison d'être 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.
Contact
Yorbeau Resources Inc.
Gerald Riverin, Ph D., P. Geo, President
819-279-1336
griverin@yorbeauresources.com
Yorbeau Resources Inc.
G. Bodnar Jr., Director
514-384-2202 or Toll free in North America: 1-855-384-2202
gbodnar@yorbeauresources.com
www.yorbeauresources.com