News Column

Yorbeau Completes Second Tranche of Private Placement

February 20, 2014

Yorbeau Resources announced that it has completed a second tranche of its previously announced private placement (see press release dated January 28,) by issuing an additional 1,111,112 units at a price of $0.18 per unit for gross proceeds of $200,000.

According to a release, to date, the Company has raised gross proceeds of $1.2 M under the current financing.

The Company's 100 percent 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.

As previously announced, in May of 2013 Yorbeau added it entered into an option and joint venture agreement with Gold Fields Sudbury Exploration Corp., a 100 percent indirect subsidiary of Gold Fields Limited ("Gold Fields") relating to the Rouyn Property. Under the agreement Gold Fields has a firm commitment to incur $4 M in expenditures on the Property prior to the end of 2014.

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