Skyharbour Resources Ltd. : Skyharbour Closes Non-Brokered Private Placement of $1.25 Million
(Thomson Reuters ONE) -
TSX-V Trading Symbol: SYH
Email: info(at)skyharbourltd.com
February 26, 2015
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Grey: SYHBF)
(Frankfurt: SC1N) (the "Company") is pleased to announce, that further to its
news releases dated January 29, 2015 and February 10, 2015, it has closed its
non-brokered private placement to raise gross proceeds of $1,250,263.50. Due to
strong response from investors, the Company increased its non-brokered private
placement financing to $1,250,263.50 from the initially targeted $500,000 as set
out in the Company's news release dated January 29, 2015. The amended financing
will be completed through the issuance of up to 25,005,270 units (the "Units")
at a price of $0.05 per unit. Each Unit consists of one common share and one
non-transferable share purchase warrant ("Warrant"), with each whole Warrant
entitling the holder to purchase one common share for a period of five years at
a price of $0.075 per share.
In connection with the financing, Skyharbour issued a total of 197,855 finder's
warrants to finders (the "Finder's Warrants") who introduced certain subscribers
to the private placement. The Finder's Warrants are on the same terms as the
Warrants. The Company also paid to finders a cash total of $9,892.75 in
connection with this financing. The Unit Shares and Warrants issued under the
private placement and any shares issued pursuant to the exercise of the Warrants
and Finder's Warrants are subject to a four month and one day hold period under
applicable securities laws and imposed by the TSX Venture Exchange.
Skyharbour's Uranium Project Portfolio in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH_Landpackage_2014_lrg.jpg
Skyharbour intends to utilize the proceeds of this private placement for the
continued exploration of the Company's uranium projects in the Athabasca Basin
and for general working capital purposes. Skyharbour is planning a winter drill
program at its 100% owned Falcon Point Uranium Project (previously the Way Lake
Project) located 55 km east of the Key Lake Mill, which will be the Company's
first work program on the property since acquiring it from Denison Mines in the
summer of 2014. The program will focus on diamond drilling high-priority targets
including areas in and around the current uranium/thorium resource at the JNR
Fraser Lakes target.
Falcon Point (Way Lake) Uranium Project Geophysics Map:
http://skyharbourltd.com/_resources/SYH_Way_Lake_Zones_Map.jpg
Additionally, Skyharbour and the Western Athabasca Syndicate plan to commence a
field program at the Preston Property in March that will consist of further
exploration of high-priority targets, as well as geophysical and geochemical
surveys to identify new targets. The 246,643 hectare Preston Uranium Property is
the largest individual property proximal to Fission Uranium's Triple R deposit
and the recent discovery made by NexGen Energy on the Rook-1 Project.
Qualified Person:
The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour's Head
Technical Advisor and a Director, as well as a Qualified Person.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a uranium and thorium exploration company and the
operator of the Western Athabasca Syndicate which controls a large, geologically
prospective land package consisting of five properties in the Athabasca Basin of
Saskatchewan. Skyharbour also owns a 100% interest in the Falcon Point (formerly
Way Lake) Uranium Project on the east side of the Basin which hosts an NI
43-101 compliant inferred resource totaling 7.0 million pounds of U3O8 at 0.03%
and 5.3 million pounds of ThO2 at 0.023%. The Company owns a 60% interest in the
Mann Lake Uranium project on the east side of the Basin strategically located
25 km southwest of Cameco's McArthur River Mine. Skyharbour's goal is to
maximize shareholder value through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in geopolitically
favourable jurisdictions.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the
Company's website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
"Jordan Trimble"
Jordan Trimble
President and CEO
For further information contact myself or:
Don Myers
Director
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-
looking statements". All statements in this release, other than statements of
historical facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further
information.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Skyharbour Resources Ltd. via GlobeNewswire
[HUG#1897895]
Unternehmensinformation / Kurzprofil:
Datum: 26.02.2015 - 23:29 Uhr
Sprache: Deutsch
News-ID 374769
Anzahl Zeichen: 7473
contact information:
Town:
Vancouver BC
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 165 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Skyharbour Resources Ltd. : Skyharbour Closes Non-Brokered Private Placement of $1.25 Million"
steht unter der journalistisch-redaktionellen Verantwortung von
Skyharbour Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
