New Issue: Yorbeau concludes C$776,250 tranche of C$4 million placement of stock

By Devika Patel

Knoxville, Tenn., Jan. 25 - Yorbeau Resources Inc. said it settled a C$776,250 tranche of a C$4 million non-brokered private placement of stock. The company raised C$1.35 million in the first tranche on Dec. 8 and C$1.38 million in the second tranche on Dec. 18.

The company sold 5.4 million common shares at C$0.25 each in the first tranche and 5,516,000 shares in the second tranche. It sold 3,105,000 shares in the third tranche.

Proceeds will be used to fund the company's 2010 exploration program.

Yorbeau is a Montreal-based mining company.

Issuer:	Yorbeau Resources Inc.
Issue:	Common stock
Amount:	C$4 million
Price:	C$0.25
Warrants:	No
Agent:	Non-brokered
Settlement date:	Dec. 8 (for C$1.35 million), Dec. 18 (for C$1,379,000), Jan. 25 (for C$776,250)
Stock symbol:	Toronto: YRB.A
Stock price:	C$0.31 at close Dec. 7
Market capitalization:	C$38.2 million

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