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Yoho Resources to Repurchase Outstanding Debentures

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   |    Saturday,January 09,2016

Yoho Resources Inc. announces that in connection with its recently completed disposition of Duvernay assets in the Kaybob area of Alberta for cash consideration of $50 million (prior to adjustments), Yoho is making an offer to purchase for cash its outstanding $11.8 million aggregate principal amount of 8.25% convertible secured subordinated debentures maturing on June 30, 2020 at a price equal to 120% of the principal amount of the outstanding Debentures plus accrued and unpaid interest.

Completion of the Transaction constituted a change of control under the terms of the trust indenture governing the Debentures and, as such, Yoho is required to make the Offer in accordance with the terms of such indenture.

The Offer will be delivered to the holders of the Debentures and will remain open for acceptance until noon (Calgary time) on February 12, 2016.



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