By Devika Patel
Knoxville, Tenn., Dec. 19 - Yoho Resources Inc. said it plans a non-brokered private placement of stock for up to C$2.3 million.
The company will sell up to 850,000 flow-through shares at C$2.70 each.
Proceeds will be used to fund exploration and development activities on Yoho's oil and natural gas properties.
Yoho is a Calgary, Alta.-based junior oil and natural gas company with operations focusing in the northwest Peace River Arch of Alberta and northeast British Columbia.
| Issuer: | Yoho Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2,295,000
|
| Shares: | 850,000
|
| Price: | C$2.70
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 18
|
| Stock symbol: | TSX Venture: YO
|
| Stock price: | C$2.00 at close Dec. 18
|
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