Apr 21, 2005
Yale Announces Financing for Namibia
Yale Resources Ltd. (YLL-V) would like to announce a non brokered private placement of up to 3,500,000 units at a price of $0.17 per unit to raise a total of up to $595,000. A unit consists of one share and one half non-transferable share purchase warrant. Two share purchase warrants entitle the holder to purchase one additional share at a price of $0.22 per share for a period of one year. Proceeds of the placement will be applied to work programs on the Company's recently acquired Leicester and Otjimakuru Properties in Namibia and for working capital. The Company may pay a finder's fee in connection with the placement in accordance with Exchange policies. Completion of the placement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board,
Ian Foreman, P.Geo.
For further information, please contact
Ron Shenton at 604-542-9017 in Canada
Martin Griesdorf at 781-631-9350 in the United States.
e-mail: firstname.lastname@example.org - website: www.yaleresources.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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