By Sheri Kasprzak
New York, June 9 - Yoho Resources Inc. arranged a C$5,652,500 private placement.
The non-brokered deal includes up to 850,000 flow-through shares at C$6.65 each.
Insiders of the company are expected to buy 51.3% of the shares in the offering.
The deal is scheduled to close June 23.
Proceeds will be used for exploration.
Yoho, based in Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | Yoho Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$5,652,500
|
| Shares: | 850,000
|
| Price: | C$6.65
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | June 9
|
| Settlement date: | June 23
|
| Stock symbol: | TSX Venture: YO
|
| Stock price: | C$4.99 at close June 8
|
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