Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) announces that it has arranged a non-brokered private placement of up to 10,000,000 flow-through units at a price of $0.07 per unit. Each unit consists of one flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase a non flow-through common share of the Company for a period of two years at a price of $0.10 per share in the first year and $0.12 per share in the second year.
The Company may pay up to a 7.5% finder's fee in cash or non-flow-through units in connection with part of this private placement offering.
Skyharbour intends to utilize the proceeds from the private placement on the Company's continuing winter drill program on its Broulan Reef gold project located in Red Lake, northwestern Ontario.
Click Here for Bruce Channel Red Lake, Ontario Map
The private placement is subject to the acceptance of the TSX Venture Exchange.
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
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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