Yoho Resources Inc. Issues Incentive Options
Calgary, Alberta – December 22, 2010
Yoho Resources Inc. (“Yoho” or the “Company”) announces that it has issued 761,000 stock options in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at $3.00 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of granting. Employees were granted 266,000 options and senior officers and directors were granted 495,000 options.
Yoho Resources Inc. is a Calgary based junior oil and natural gas company with operations focusing in the northwest Peace River Arch and west central Alberta and northeast British Columbia. The voting common shares of Yoho are listed on the TSXV under the symbol “YO”.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The common shares of Yoho will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom.
For more information please contact:
Wendy S. Woolsey
Vice President, Finance and CFO
Yoho Resources Inc.
Phone: (403) 537-1771
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.