Yoho Resources Inc.
TSX VENTURE : YO

Yoho Resources Inc.

February 12, 2016 16:29 ET

Yoho Resources Announces Acquisition of Outstanding Debentures

CALGARY, ALBERTA--(Marketwired - Feb. 12, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that it has completed the purchase for cancellation of all of its outstanding $11.8 million principal amount of 8.25% convertible secured subordinated debentures due June 30, 2020 (the "Debentures"), pursuant to its offer to purchase the Debentures dated January 8, 2016 (the "Offer") at a price equal to 120% of the principal amount of such Debentures plus accrued and unpaid interest.

As a result, Yoho has no Debentures outstanding and all obligations of Yoho in respect of the same have been fully satisfied.

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.

READER ADVISORY

The Debentures (and underlying common shares) have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Contact Information

  • Yoho Resources Inc.
    Brian McLachlan
    President & Chief Executive Officer
    403-537-1771 x103

    Yoho Resources Inc.
    Wendy Woolsey
    Vice-President Finance & Chief Financial Officer
    403-537-1771 x102