Skyharbour Resources Ltd. (the Company) announces that it has closed its 2,000,000 unit non-brokered private placement announced by news release dated July 21, 2005. The Company issued 2,000,000 units at a price of $0.05 per unit. Each unit consists of one share and one share purchase warrant which entitles the holder to purchase an additional share of the Company at a price of $0.10 until July 25, 2007. The shares and any shares to be issued upon exercise of the warrants will be subject to a hold period and shall not trade before November 26, 2005.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a mineral exploration company that focuses on the acquisitions of and exploration of gold projects in Northwestern, Ontario. It has options or interests in 7 mineral properties located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
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