By Devika Patel
Knoxville, Tenn., Oct. 26 - Yoho Resources Inc. said it plans a non-brokered private placement of stock for up to C$1.51 million.
The company will sell up to 625,000 flow-through common shares at C$2.42 each.
Proceeds will be used development activities.
Yoho is a Calgary, Alta.-based junior oil and natural gas company with operations focusing on the northwest Peace River Arch of Alberta and northeast British Columbia.
| Issuer: | Yoho Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,512,500
|
| Shares: | 625,000
|
| Price: | C$2.42
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 26
|
| Stock symbol: | TSX Venture: YO
|
| Stock price: | C$2.20 at close Oct. 26
|
| Market capitalization: | C$45.1 million
|
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