On June 30, 2023, Yorbeau Resources Inc. closed the first and second tranche offering. The company has received 2,210,000 flow-through Class A common shares at a price of CAD 0.07 per share for the gross proceeds of CAD 154,700 and 3,140,000 non-flow-through Class A common shares at a price of CAD 0.035 per share for the gross proceeds of CAD 109,900, for the aggregate gross proceeds of CAD 264,600 in its second tranche. The Company paid finder fees in the aggregate amount of CAD 18,023 with respect to a portion of the first and second tranches of the Private Placement.

Three insiders subscribed for a total of 8,008,571 Class A common shares having an aggregate subscription price of CAD 395,800.