Yorbeau Resources Inc.

Yorbeau Resources Inc.

November 04, 2005 09:35 ET

Yorbeau Resources Inc.: Announcement

MONTREAL, QUEBEC--(CCNMatthews - Nov. 4, 2005) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company") is pleased to announce in connection with the rights offering (the "Offering") it will be making to its shareholders of record at the close of business on November 7, 2005, that Richard J. Renaud and David Crevier, two directors of the Company, have agreed, in the event that a minimum of 2,900,000 Units (the "Minimum Offering") have not been sold pursuant to the Offering on or before 4:00 p.m. on December 1, 2005 (the "Expiry Time"), to subscribe to such number of additional Units at a price of $0.75 per Unit as shall be necessary in order for the Minimum Offering to be fully subscribed. As a result, the condition to which the Offering was subject will be satisfied at the Expiry Time and the Company is therefore guaranteed to complete at least the Minimum Offering.

The terms and conditions of the Offering are more fully described in the Company's press release dated October 27, 2005.

Contact Information

  • Yorbeau Resources Inc.
    G. Bodnar Jr.
    (514) 384-2202
    (514) 384-6399 (FAX)
    Yorbeau Resources Inc.
    David Crevier
    (514) 284-3663
    (514) 284-1961 (FAX)