19:25:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Skyharbour Resources Ltd (3)
Symbol SYH
Shares Issued 75,359,675
Close 2020-04-30 C$ 0.17
Market Cap C$ 12,811,145
Recent Sedar Documents

Skyharbour closes $1.68-million private placement

2020-04-30 17:07 ET - News Release

Mr. Jordan Trimble reports

SKYHARBOUR ANNOUNCES AND CLOSES $1.68 MILLION PRIVATE PLACEMENT

Skyharbour Resources Ltd. has arranged and closed a non-brokered private placement financing for total gross proceeds of $1,678,799.86. The bulk of the financing was subscribed for by strategic and institutional investors.

The company has allotted and issued 5,358,666 units at a price of 15 cents per unit and 4,861,111 flow-through units at a price of 18 cents per FT unit. Each unit comprises one common share and one warrant. Each FT unit comprises one flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional common share for a period of three years at a price of 22 cents per share.

In addition, the company has paid finders' fees totalling $65,658 and issued an aggregate 347,587 finders' warrants to arm's-length parties. Each finder's warrant is exercisable into one common share for a period of up to three years at a price of 22 cents.

The company intends to use the proceeds from this private placement for exploration and upcoming drilling programs as well as for general working capital purposes. The private placement is subject to final TSX Venture Exchange approval, and all securities issued are subject to a four-month-and-one-day hold period.

About Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects.

We seek Safe Harbor.

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