Source: Skyharbour Resources Ltd.
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  • Skyharbour Resources Ltd (SYH) has closed its non-brokered private placement for gross proceeds of $500,000
  • The company issued 1,000,000 units priced at C$0.50 per unit
  • Skyharbour intends to use the proceeds for exploration and upcoming drilling programs
  • Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin
  • SkyharbourResources Ltd (SYH) opened trading at $0.475 per share

Skyharbour Resources Ltd (SYH) has closed its previously announced non-brokered private placement for gross proceeds of $500,000.

Most of the smaller financing is being led by insider participation with an independent director providing the lead order.

Skyharbour issued 1 million units at a price of $0.50 per unit.

Each unit is comprised of one flow-through common share and one-half of one warrant.

Each warrant will entitle the holder to purchase one non-flow-through common share for a period of three years at a price of $0.75 per share.

Skyharbour intends to use the proceeds from the private placement for exploration and upcoming drilling programs.

The flow-through shares issued in connection are subject to a statutory hold period of four months.

Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin.

Skyharbour has several active option partners including ASX listed Valor Resources on the Hook Lake Uranium Project, and CSE listed Basin Uranium Corp.

Skyharbour Resources Ltd. (SYH) opened trading at $0.475 per share.

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