Yorbeau Resources Inc.
TSX : YRB.A

Yorbeau Resources Inc.

December 05, 2006 16:09 ET

Yorbeau Raises $300,000 in a Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Dec. 5, 2006) - Yorbeau Resources Inc. (TSX:YRB.A) is pleased to announce that an institutional investor has subscribed to 714,286 Class A shares of Yorbeau at a price of $0.42 per share in a non-brokered private placement. The gross proceeds of $300,000 will be used for general working capital needs.

Yorbeau continues its drilling program on the Rouyn property and expects additional results to be available shortly.

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Yorbeau Resources Inc.
    David Crevier
    Chairman
    514-284-3663
    or
    Yorbeau Resources Inc.
    G. Bodnar jr
    President
    514-384-2202
    or
    Sun International Communications
    Nicole Blanchard
    Investor Relations
    450-627-6600