Source: Skyharbour Resources Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Skyharbour Resources Ltd (SYH) is proceeding with a fully subscribed, 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 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) is unchanged trading at $0.47 per share as of 11:21 a.m. EST

Skyharbour Resources Ltd (SYH) is proceeding on a fully subscribed, 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 plans to issue 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) is unchanged trading at $0.47 per share as of 11:21 a.m. EST.

More From The Market Herald

" Barksdale (TSXV:BRO) announces latest drill results from San Javier, Mexico

Barksdale Resources (BRO) has released assay results for another eight drill holes in its 5,000-metre Phase I program.

" Solis Minerals (TSXV:SLMN) upgrades OTC listing

Solis Minerals (SLMN) is attempting to upgrade its U.S. Over The Counter (OTC) listing to the OTCQB level.

" Prismo Metals (CSE:PRIZ) begins work at Los Pavitos

Prismo Metals (PRIZ) has mobilized a crew of geologists to its Los Pavitos project in Sonora State.

" Element 29 (TSXV:ECU) reports final three holes from drilling at Elida

Element 29 Resources (ECU) has completed its seven-hole, 4,500-metre drill program at the Elida Copper Project.