(TSXV: YO) is pleased to announce the closing of its recently
announced bought deal financing
of 4,545,500 common shares ("Common Shares") at an
issue price of $3.30 per Common Share for aggregate gross
proceeds of $15,000,150 (the "Offering"). The
Offering was led by FirstEnergy Capital Corp. and included
Acumen Capital Finance Partners Limited, Haywood Securities
Inc., Paradigm Capital Inc., Peters & Co. Limited and CIBC
World Markets Inc.
Proceeds of the Offering will be used to initially reduce
Yoho's existing bank indebtedness and to accelerate
Yoho's exploration and development program.
Yoho Resources Inc. is a Calgary based junior oil and natural
gas company with operations focusing in northeast British
Columbia, West Central Alberta and the Peace River Arch of
Alberta. The common shares of Yoho are listed on the TSX
Venture Exchange under the symbol "YO".
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities in any
jurisdiction. The common shares of Yoho will not be and have
not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the
United States, or to a U.S. person, absent registration or
applicable exemption therefrom.
For more information please contact:
Wendy S. Woolsey
Vice President, Finance and CFO Yoho Resources Inc.
Phone: (403) 537-1771
www.yohoresources.ca
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ADVISORY: This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this press release contains statements concerning the anticipated use of the net proceeds of the Offering. Although Yoho believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Yoho can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the net proceeds of the Offering by Yoho might change if the board of directors of Yoho determines that it would be in the best interests of Yoho to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and Yoho undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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