Yorbeau Resources Inc (TSE:YRB) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yorbeau Resources Inc. has entered into a definitive asset purchase agreement to sell its Rouyn property to a subsidiary of Lac Gold Pty Ltd for C$25 million plus a 2% net smelter royalty. The deal outlines staggered payments with an upfront sum followed by installments over four years, secured by a hypothec on the property. The proceeds from this transaction will be invested in further exploration and development of Yorbeau’s remaining assets.
For further insights into TSE:YRB stock, check out TipRanks’ Stock Analysis page.