The Globe and Mail reports in its Wednesday, March 29, edition that Paradigm analyst Adam Gill continues to rank Yangarra Resources "speculative buy." The Globe's David Leeder writes that Mr. Gill gave his share target a 50-cent trim to $2.50. Analysts on average target the shares at $3.63. Mr. Gill calls Yangarra a "strong value pick in the space." Following the close of its $17.3-million equity financing, The Globe says Mr. Gill sees the potential for Yangarra to offer a dividend next year as its balance sheet continues to improve and it moves closer to its long-term goal of lower debt. The financing involved the sale of 6.79 million Canadian Development Expenses flow-through shares at a price of $2.54 per share. The proceeds from the issuance will be used to incur CDE expenses on its existing Canadian properties prior to Dec. 31. Mr. Gill says in a note: "The next major catalyst in our view is reducing net debt to $100-million or lower and implementing a dividend. ... Before the deal, YGR had $139.4-million drawn on its $180-million credit facility; following the financing we see the draw standing at $125.7-million at the end of Q1/23. ... We see the credit facility falling below $100-million in H1/24."