Non-brokered deal finances development drilling at Duvernay Formation
By Devika Patel
Knoxville, Tenn., Sept. 5 - Yoho Resources Inc. said it will conduct an C$8 million non-brokered private placement of stock.
The company will sell 3,864,735 flow-through common shares at C$2.07 per share. The price per share reflects a 3.5% premium to the Sept. 4 closing share price of C$2.00.
Settlement is expected on Sept. 14.
Proceeds will be used for the company's development drilling targeting the Duvernay Formation at Kaybob, Alta.
Yoho is a Calgary, Alta.-based junior oil and natural gas company with operations focusing on the northwest Peace River Arch of Alberta and northeast British Columbia.
| Issuer: | Yoho Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$8 million
|
| Shares: | 3,864,735
|
| Price: | C$2.07
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 14
|
| Stock symbol: | TSX Venture: YO
|
| Stock price: | C$2.00 at close Sept. 4
|
| Market capitalization: | C$92.93 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
