|
| Home : Yoho Resources Inc. Announces Closing of the Sale of Certain Duvernay Assets for $50 Million |
|
Dec 18
2015 |
Yoho Resources Inc. Announces Closing of the Sale of Certain Duvernay Assets for $50 Million |
|
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2015) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to announce that it has closed the previously announced transaction to sell a portion of its Duvernay assets in the Kaybob area of Alberta for cash consideration of $50 million (prior to adjustments) (the "Transaction"). After giving effect to the Transaction, the Company is currently undrawn on its bank credit facilities and has estimated positive working capital of $16 to $17 million. Yoho's annual financial statements and other year-end disclosures are expected to be released in early January 2016. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2083243&sourceType=3 |
| |
|
Related News
|
» RFID Readers Market to Surpass 21% Growth to 2020 Dominated by Retail Sector
» San Bernardino Shooter's Neighbor Arrested On Terror Charges
|
|
|
