10/21/2014 - 3:35 PM EST - Yorbeau Resources Inc. : announced that it has signed a Letter of Intent to purchase from Cogitore Resources Inc. substantially all of Cogitore's exploration assets in the provinces of Quebec and Ontario. The transaction is expected to close on or about December 22, once a meeting of Cogitore shareholders has approved the transaction. The consideration to be paid by Yorbeau under the transaction will be 25 million shares which will be subject to the statutory hold period of four months. Yorbeau Resources Inc.
shares T.YRB.A are trading unchanged at $0.10.
