Yoho Resources Inc.

TSX VENTURE: YO
Yoho Resources Inc.

Mar 22, 2010 09:24 ET
CALGARY, ALBERTA–(Marketwire – March 22, 2010) –

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Yoho Resources Inc. (“Yoho” or the “Company“) (TSX VENTURE:YO) is pleased to announce the closing of its recently announced bought deal financing of 2,875,000 common shares (“Common Shares“) at an issue price of $2.70 per Common Share and 1,500,000 Common Shares issued on a “flow through” basis pursuant to the provisions of the Income Tax Act (Canada) (the “Flow-Through Shares“) at an issue price of $3.25 per Flow-Through Share for aggregate gross proceeds of $12,637,500, which included 375,000 Common Shares issued on the full exercise of the over-allotment option granted to the underwriters (the “Offering“). The Offering was led by Paradigm Capital Inc. and included Cormark Securities Inc., Peters & Co. Limited, Acumen Capital Finance Partners Limited and Mackie Research Capital Corporation.

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For more information, please contact

Yoho Resources Inc.
Wendy S. Woolsey
Vice President, Finance and CFO
(403) 537-1771
www.yohoresources.ca

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Yoho Resources Inc. Announces Closing of Bought Deal Financing

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