By Sheri Kasprzak
Atlanta, May 17 - Yoho Resources Inc. said it has closed a private placement for C$2,066,000.
The company sold 1,033,000 shares at C$2.00 each.
The investors also received warrants for 1 million shares, exercisable at C$2.50 each, which vest for 30 months and will then expire in 30 days.
Insiders of Yoho subscribed for 893,000 shares, and private investors bought 140,000 shares.
Based in Calgary, Alta., Yoho is an oil and natural gas exploration company.
| Issuer: | Yoho Resources Inc.
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| Issue: | Stock
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| Amount: | C$2,066,000
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| Shares: | 1,033,000
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| Price: | C$2.00
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| Warrants: | For 1 million shares
|
| Warrant expiration: | 30 days, after vesting for 30 months
|
| Warrant strike price: | C$2.50
|
| Settlement date: | May 16
|
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