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SKRR Exploration Inc
Symbol SKRR
Shares Issued 63,675,911
Close 2022-06-09 C$ 0.055
Recent Sedar Documents

SKRR closes acquisition of Nickel Peak claims

2022-06-09 18:24 ET - News Release

Mr. Sherman Dahl reports

SKRR EXPLORATION INC. CLOSES ACQUISITION OF THE NICKEL PEAK CLAIM GROUP, OMINECA MINING DISTRICT OF BRITISH COLUMBIA

SKRR Exploration Inc. has received TSX Venture Exchange approval of the previously announced share purchase agreement to acquire all of the issued and outstanding shares of 1364991 B.C. Ltd., an arm's-length private British Columbia company that holds an undivided 100-per-cent interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks.

SKRR's 100-per-cent-owned Nickel Peak claims span 3,874.5 acres (1,568 hectares) and are approximately 110 kilometres northwest of Fort St. James, B.C., in the Omineca mining district. Metallic mineralization includes nickel, cobalt and chromium with the documented presence of awaruite. Assays by Acme Analytical Laboratories Ltd. in 2005 returned up to 1,826 parts per million (ppm), 1,734 ppm nickel with 1,113 ppm chromium. The good to date of the Nickel Peak claims is Oct. 20, 2022.

Terms of the agreement

SKRR entered into a share purchase agreement dated as of June 6, 2022, under which SKRR has purchased all of the issued and outstanding shares of 1364991 B.C., an arm's-length private B.C. company that holds an undivided 100-per-cent interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks. As consideration for SKRR's purchase of all of the shares of 1364991 B.C., SKRR issued three million common shares, on a pro rata basis, to the shareholders of 1364991 B.C. All SKRR common shares issued pursuant to the share purchase agreement are subject to a voluntary hold period of four months. The news release dated June 7, 2022, erroneously referenced that the share purchase agreement and 1364991 B.C. were non-arm's-length parties (the parties are arm's length). The shareholders (vendors) of 1364991 B.C. are: (i) 1274596 B.C. Ltd. (Robert Nicholas Horsley); (ii) 1170147 B.C. Ltd. (Hani El Rayess); and (iii) 1335527 B.C. Ltd. (Daniel Terrett).

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Ross McElroy, PGeol, a director of the company and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. McElroy verified the data disclosed, including a review of the sampling, analytical and test data underlying the information and opinions contained therein.

About SKRR Exploration Inc.

SKRR is a Canadian-based precious metal explorer with properties in British Columbia and Saskatchewan, some of the world's highest-ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson corridor in Saskatchewan in search of world-class precious and base metal deposits. The Trans-Hudson Orogen, although known in geological terms, has been significantly underexplored in Saskatchewan. SKRR is committed to all stakeholders, including shareholders, all of its partners and the environment in which it operates.

We seek Safe Harbor.

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