CALGARY, ALBERTA–(Marketwired – Dec. 17, 2015) – Yoho Resources Inc. (“Yoho” or the “Company”) (TSX VENTURE:YO) is pleased to announce that it has closed the previously announced transaction to sell a portion of its Duvernay assets in the Kaybob area of Alberta for cash consideration of $50 million (prior to adjustments) (the “Transaction”). After giving effect to the Transaction, the Company is currently undrawn on its bank credit facilities and has estimated positive working capital of $16 to $17 million. Yoho’s annual financial statements and other year-end disclosures are expected to be released in early January 2016.
