Gary Perron Acquires Additional Securities of Yoho Resources Inc.
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 06/17/15 -- Gary Perron ("Mr. Perron") announces that he has acquired: (i) $1,000,000 principal amount of 8.25% convertible secured subordinated debentures (the "Debentures") of Yoho Resources Inc. ("Yoho"); and (ii) 3,000,000 common shares of Yoho, which common shares were issued on a "flow-through" basis pursuant to the provisions of the Income Tax Act (Canada) with respect to Canadian development expenses (the "Flow-Through Shares"), pursuant to a private placement offering that closed on June 16, 2015 (the "Private Placement"). The Debentures acquired by Mr. Perron pursuant to the Private Placement represent approximately 8.45% of the aggregate principal amount of Debentures outstanding and the Flow-Through Shares acquired by Mr. Perron pursuant to the Private Placement represent approximately 4.91% of the issued and outstanding common shares of Yoho.
Subsequent to the Private Placement, Mr. Perron has ownership or control, directly or indirectly, of 8,112,987 common shares of Yoho (representing approximately 13.27% of the issued and outstanding common shares of Yoho) and approximately 8.45% of the aggregate principal amount of Debentures outstanding. Assuming the full conversion of securities held by Mr. Perron that are currently convertible into common shares, Mr. Perron would have ownership or control, directly or indirectly, of 9,476,706 common shares of Yoho (representing approximately 15.16% of the then issued and outstanding common shares of Yoho).
Mr. Perron acquired the Debentures and Flow-Through Shares for investment purposes. Mr. Perron may in the future take such actions in respect of his shareholdings in Yoho as he may deem appropriate in light of the circumstances then existing, including the purchase of additional common shares, Debentures or other securities of Yoho through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.
A copy of Mr. Perron''s related early warning report filed with the applicable securities commissions and further information may be obtained by contacting Mr. Perron, c/o Yoho at: Telephone - (403) 537-1771 or Facsimile - (403) 537-1775.
Contacts:
Gary Perron
(403) 537-1771
(403) 537-1775 (FAX)
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Datum: 17.06.2015 - 15:41 Uhr
Sprache: Deutsch
News-ID 1366784
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