funding for up to $25m from pacific road capit

Strategic two-stage transaction with Pacific Road Capital for up to $25 million to fund exploration and resource development at the Hera-Nymagee Project
?Pacific Road Capital is a resource specialist private equity fund
?Immediate Phase 1 Funding of $14.3 million at a price of $0.243 per share, being a 21.7% premium to closing price on 5 December 2013
?Phase 2 Funding of up to $10.67 million, priced by reference to 30 day VWAP from YTC call
?Strong endorsement of the Hera-Nymagee Project and future expansion potential
?YTC now well placed to open up the Hera-Nymagee Resource potential with an expanded exploration programme in parallel with developing the Hera-Nymagee Project