MONTREAL, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") is pleased to announce the appointment of Terry J. Kocisko to the Board of Directors and as member of the Audit Committee.
Mr. Kocisko has a Bachelor of Commerce from McGill University in Montreal specializing in Accounting & Finance. He has over thirty years of business experience and has been the Chief Executive Officer of many corporations. Over the years he has founded and successfully operated several insurance brokerages and has sold them to multinational public corporations.
About Yorbeau Resources Inc.
The Company's 100% controlled Rouyn Property contains 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 underground infrastructure and have been the subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option 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 expanded 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 development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).
More information on the Company may be found on the Company’s website at www.yorbeauresources.com.
Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding the aggregate size of the 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.