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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Comment by pennydredfulon Mar 29, 2023 2:52pm
85 Views
Post# 35367516

RE:RE:RE:RE:RE:D flow thru shares recently issued at 2.54

RE:RE:RE:RE:RE:D flow thru shares recently issued at 2.54 The concept  of the charity   deal  was  there from  the get  go .  Was  identical  to  the Journey  Energy  deal  done  shortly  before   Notice  in the  recent  budget   they  clamped   down   on  such deals    by   removing   ( I believe)  the   capital gain  exemption.  Once   Journey  deal  was   a go   brokers   canvassed  other  oil and  gas  companies   for   similar  deal   and   YGR   went  for it. From YGR   point   of   view   they  were  able  to  sell  shares   at  a premium  to  market  and   they have  excess  tax pools.   The   people  that  buy  and  donate  may  be looking  for  recognition  in their community  or   a university   names  a building   or business   school   after  them. From the millionaires   point of view   this is  much less  costly  than  cutting  a cheque.  For   the charity   it   is  free  cash money  as   they   sell   the shares  immediatly  .  There   are   3   prices . the price of the flow  thru  share   ,  the donation  price   (  the last  price  on   the day donated )  likely   2.25 to  2.30   and the sale   price     in this   case    2.06 net  (  not  traded  on exchange)  .   I  imagine  charity  is clipped  for  a high   comm.   or fee    as  for  them   it is    free   money. 
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