Offering funds exploration at the company’s Quebec project portfolio
By Devika Patel
Knoxville, Tenn., Dec. 4 – Yorbeau Resources Inc. said it settled a C$1 million non-brokered private placement of stock with Goldcorp Inc.
The company sold 12.5 million flow-through common shares at C$0.08 apiece. The price per share is a 14.29% premium to the Dec. 3 closing share price of C$0.07.
M Partners Inc. was paid a 7% finder's fee.
Proceeds will be used for exploration of Eastmain’s Quebec project portfolio.
The gold explorer is based in Montreal.
| Issuer: | Yorbeau Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 12.5 million
|
| Price: | C$0.08
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Goldcorp Inc.
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Toronto: ER
|
| Stock price: | C$0.07 at close Dec. 3
|
| Market capitalization: | C$11.95 million
|
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