Yorbeau Closes Non-Brokered Private Placement

Executive Summary

• Yorbeau Resources Inc. completed a fully‑subscribed private placement of 13,750,000 flow‑through Class A common shares at $0.08 per share, raising $1,100,000 in gross proceeds.
• Four directors subscribed for 10,000,000 shares ($800,000), qualifying the transaction as a related‑party deal exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds.
• Proceeds will be used to fund Canadian exploration expenses on Yorbeur’s Quebec properties.

Key Details

• Shares Issued: 13,750,000 flow‑through Class A common shares.
• Price per Share: $0.08.
• Total Gross Proceeds: $1,100,000.
• Director Subscriptions: Four directors purchased a combined 10,000,000 shares for $800,000.
• Related‑Party Transaction: Classified under MI 61‑101; exempt from formal valuation and minority approval because neither the fair market value of shares issued nor consideration received exceeded 25 % of market capitalization.
• Use of Proceeds: To incur Canadian exploration expenses on Yorbeau’s properties (Scott Lake zinc‑copper deposit, Detour, Joutel, Selbaie region).
• Regulatory Notices: No material change report filed prior to closing because insider participation was not confirmed at that time; the offering is not registered in the United States and is exempt from U.S. securities laws under Regulation S.

Notable Quotes

(No direct quotes were provided in the release.)