Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that, further to its news release of December 1, 2009, the Company has raised the sum of $115,500 by the issuance of 2,310,000 flow-through units at a price of $0.05 per unit.
Each flow-through unit consists of one flow-through common share and one share purchase warrant. Each warrant entitles the holder to purchase one non flow-through common share of the Company at a price of $0.10 per share until 4:00 p.m. (Vancouver time), December 30, 2011. A finder's fee of $700 was paid in connection with the private placement. The common shares comprising the units and any shares acquired on exercise of the warrants forming part of the units will be subject to a four month restriction on re-sale expiring on May 1, 2010.
The funds raised will be applied to the continuing winter drill program on the Company's Broulan Reef gold project located in Red Lake, northwestern Ontario.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Myers"
DONALD G. MYERS
Director
For further information contact myself:
Don Myers
Skyharbour Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
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