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CALGARY, AB, March 27, 2023 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the " Company ") (TSX: YGR) announces the closing of its recently announced bought deal equity financing, completed by way of a short form prospectus, for the sale of 6,791,440 common shares issued on a flow-through basis (the "FT Shares") in respect of Canadian development expenses ("CDE") at a price of $2.54 per FT Share, including the full exercise of the over-allotment option granted to the underwriters, for aggregate gross proceeds of $17,250,258 (the "Offering").