YAN:CA V.YAN

Yangarra Announces Private Placement $4.000.000

[stormycreek]

YangarraResources Ltd.

TSX VENTURE: YAN

Mar 03, 2010 17:41 ET

Yangarra Announces Private Placement

CALGARY, ALBERTA--(Marketwire - March 3, 2010) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR TO U.S.PERSONS.

Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSXVENTURE:YAN) is pleased to announce that it intends to complete aprivate placement financing (the "Private Placement") of a minimum of26,666,667 and up to a maximum of 53,333,334 Units for total proceeds upto $4,000,000. Each Unit will be priced at
.075 and will be comprisedof one common share of the Company (a "Share") and one-half of a Sharepurchase warrant ("Warrant"), with each whole Warrant entitling theholder to purchase a Share of the Company anytime up to March 15, 2012at
.10 per share. Each warrant is subject to early termination in theevent of a change of control and in the circumstance that the Company'sshares trade at or above
.25 for ten (10) consecutive days. A cashcommission may be paid on the sale of the Units. The Private Placementis expected to close on or before Monday, March 22, 2010. The PrivatePlacement is subject to approval by the TSX Venture Exchange.

Yangarra intends to use the funds raised from the Private Placementto purchase a fifteen percent (15%) Overriding Royalty on Natural Gasand a 5-15% sliding scale Overriding Royalty on Oil that coversapproximately eleven sections of Cardium and Glauconite perspectiveYangarra lands in the Willesden Green area. In addition funds arerequired to participate in a horizontal Cardium and a horizontalGlauconite well in the Willesden Green area.

Certain management, directors and other insiders of the Company havecommitted to subscribe for a minimum of 15% of the financing.

Neither TSX Venture Exchange nor its Regulation Service Provider (asthat term is defined in the Policies of the TSX Venture Exchange)accepts responsibility for the adequacy and accuracy of this release.

For more information, please contact

Yangarra Resources Ltd.
James Evaskevich
President and CEO
[phone]
[phone] (FAX)
[e-mail]
www.yangarra.ca

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https://www.yangarra.ca/pressreleases/News86.pdf

[brodeur]

how is this being played out with the share consolidation? good to see insider commitment. then again, watch for selling tomorrow as they sell to use the proceeds to buy back at 7.5 cents to get that warrant.

[Tumbleweed67]

"then again, watch for selling tomorrow as they sell to use the proceeds to buy back at 7.5 cents to get that warrant."I don't know about that...they were buying on the open market around 9 cents. I'm sure this financing didn't just spring to mind. They had to know it was coming so it wouldn't make sense to me to sell for the PP.Maybe I've just never noticed it before