Yorbeau Closes Second Tranche of a Private Placement
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU CLOSES SECOND TRANCHE OF A PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Montreal, August 31, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the " Company" or " Yorbeau") is
pleased to announce that it has completed the sec ond tranche of a $1,500,000 non-brokered private
placement (the "Private Placement") by issuing 2,286,429 common shares at a price of $0.105 per share
for gross proceeds of $240,075.05.
The Company will use the proceeds raised from the issue of the flow-throu gh common shares to incur
Canadian exploration expenses on its properties.
Three insiders subscribed for a total of 961,901 co mmon shares having an aggregate subscription price of
$100,999.61. As insiders of the Company participated in the Private Placement, it is deemed to be a
"related party transaction" as defined under Multilateral Instrument 61-101— Protection of Minority
Security Holders in Special Transactions (" MI 61-101 "). The Private Placement is exempt from the
formal valuation and minority shareholder approval re quirements of MI 61-101 (pursuant to subsections
5.5(a) and 5.7(a)) as the fair market value of the common shares distributed to, nor the consideration
received from, interested parties exceeded 25% of the Company’s market capitalization. The Company
did not file a material change report at least 21 days prior to the closing of the Private Placement as
participation of the insiders had not been confirmed at that time.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securitie s have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or
sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S
under the 1933 Act) absent such registration or an applicable exemption from such registration
requirements.
About Yorbeau Resources Inc.
The Company's 100% controlled Rouyn Property cont ains four known gold deposits in the 6-km-long
Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria
and Augmitto, have substantial unde rground infrastructure and have been the subject of NI 43-101
technical reports that include resource estimates. Th e Company has signed an Op tion Agreement with an
affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release
dated October 25, 2016). In 2015, the Company expande d its exploration property portfolio by acquiring
strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also
feature infrastructure favourable for mining deve lopment. The newly acquired base metal properties
include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
More information on the Company may be found on the Company’s website at
www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
Tel : 819-279-1336
G. Bodnar Jr.
Vice President, Chief Financial Officer
Yorbeau Resources Inc.
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202
Forward-looking statements: Except for statement of historical fact, all statements in this news release,
without limitation, regarding the aggregate size of th e private placement and the use of proceeds of the
private placement 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.