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Yangarra Raises Funds To Drill Duvernay Wells

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Yangarra Raises Funds To Drill Duvernay Wells
Closing Announcement - May 21, 2015 The proceeds of the CEE FT Shares are expected to be used by Yangarra to drill three strata-graphic vertical test wells in the North block of the Corporation's Duvernay lands which are expected to continue all 54 sections. 

Yangarra Resources Ltd. has announced the closing of its previously announced "bought deal" financing, completed by way of a short form prospectus, for the sale of 3,333,500 common shares of the Corporation at a price of $1.80 per share, 1,010,500 common shares of the Corporation issued on a "flow through" basis in respect of "Canadian development expenses" within the meaning of the Income Tax Act (Canada) at a price of $1.98 per share and 5,582,000 common shares of the Corporation issued on a "flow through" basis in respect of…

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