Company Profile
Yale Resources, Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties for commercial mineral deposits, such as gold, silver, copper, and zinc. It holds option agreements to acquire interests in the Urique project, the Carol-Balde property, and the Zacatecas property located in Mexico. The company was founded in 1987 is headquartered in Vancouver, Canada.
Event
On May 21st, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 28, 2008 by Yale Resources.
Details of the Private Placement
Number of shares: 2,040,000 shares
Warrants: 1,020,000 share purchase warrants to purchase 1,020,000 shares
Number of Placees: 4 placees
Purchase Price: $0.18 per share
Private Placement Participants
Macquarie Bank Limited for 1,285,000 shares
About Macquarie Bank Limited
The Macquarie Group is a diversified international provider of financial, advisory and investment services, headquartered in Sydney, Australia. Its global headquarters are located in Sydney, and it is listed on the Australian Securities Exchange (ASX). It is the only large, majority Australian-owned investment bank. Active in Canada since the late 1990s, today the Macquarie Group has more than 400 professionals located in Toronto, Vancouver, Montreal, Calgary and Winnipeg. Macquarie's activities in Canada include specialized asset management, advisory and capital markets, financial markets and lending.
Investment Risks
Without limitations, some of the risks include reserves and resource risk, development risks, permitting risks, off-take agreements, commodity price risks, geo-political risks, exchange rates, weather related impacts etc.
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