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Leading independent advisory firm iss recommends that shareholders of Yorbeau Resources Inc. vote for the special resolution approving the sale of Yorbeau's Rouyn Property
Leading independent advisory firm iss recommends that shareholders of Yorbeau Resources In...
About this update from Yorbeau Resources, Inc. Class A
[{"type":"text","content":"\n\n\n\nLeading independent advisory firm iss recommends that shareholders of Yorbeau Resources Inc. vote for the special resolution approving the sale of Yorbeau's Rouyn Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nLeading independent advisory firm iss recommends that shareholders of Yorbeau Resources Inc. vote for the special resolution approving the sale of Yorbeau's Rouyn Property\nCanada NewsWire\nMONTRÉAL, Dec. 1, 2016\n\n\n\nMONTRÉAL, Dec. 1, 2016 /CNW Telbec/ - Yorbeau Resources Inc. (\"Yorbeau\" or the \"Company\") (TSX: YRB.A) is pleased to announce that Institutional Shareholder Services Inc. (\"ISS\"), a leading independent proxy advisory firm, has recommended that shareholders of Yorbeau vote FOR the special resolution approving the sale of Yorbeau's Rouyn property upon exercise of an option under the Option Agreement dated October 24, 2016 entered into by an affiliate of Kinross Gold Corporation and Yorbeau at the special meeting of shareholders to be held on December 14, 2016 (the \"Meeting\").\n\nISS' report noted that \"the Option Agreement makes strategic sense as it will monetize the Property for an amount that takes into consideration the existing mineral resources and future potential resources to be discovered. In addition, it is consistent with the company's recent transactions, which have modified the company's focus from being a gold exploration company to a more diversified Quebec exploration company.\" The report concludes that shareholders should vote FOR the sale of the Rouyn property \"in light of the certainty of value provided by the cash consideration and the strategic merits of the transaction which appear to be consistent with the business objective of the company\".\n\nWe encourage all Yorbeau shareholders to read the Company's management information circular which was mailed to shareholders of record as of November 10, 2016 and is available under the Company's profile on www.sedar.com. The information circular provided by Yorbeau contains a detailed description of the propose...