CALGARY, ALBERTA–(Marketwired – Aug. 29, 2016) – Yoho Resources Inc. (“Yoho” or the “Company“) (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the nine months ended June 30, 2016 and the related management’s discussion and analysis (“MD&A“). Copies of these documents may be found on www.sedar.com.
Corporate Update
The annual and special meeting (the “Meeting“) of holders (“Shareholders“) of common shares of Yoho will be held in the conference room located on the +15 level, 521 – 3rd Avenue S.W., Calgary, Alberta, on September 6, 2016 at 9:00 a.m. (Calgary time) for Shareholders to consider matters with respect to Yoho’s annual business and to consider, and, if thought advisable to approve, a proposed plan of arrangement (the “Arrangement“) under the provisions of the Business Corporations Act (Alberta) pursuant to which 1981064 Alberta Ltd. (the “Purchaser“), an entity related to One Stone Energy Partners LP, will acquire all of the issued and outstanding common shares of Yoho (“Yoho Shares“). Pursuant to the Arrangement, Shareholders, other than one Shareholder who has agreed to exchange his Yoho Shares for common shares of the Purchaser (the “Rollover Shareholder“), will receive $0.475 cash for each Yoho Share held, which represents a 102% premium to the closing price of Yoho Shares on the TSX Venture Exchange on July 18, 2016, being the last trading day prior to the announcement of the Arrangement, and a 76% premium to the 30 day volume weighted average trading price of Yoho Shares for the period ended July 18, 2016.
About Yoho
Yoho Resources Inc. is a Calgary based junior oil and natural gas company with operations focusing in West Central Alberta and northeast British Columbia. The common shares of Yoho are listed on the TSX Venture Exchange under the symbol “YO”.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.