The Company announces a non-brokered private placement of up to 2,000,000 units at a price of $0.10 per unit. Each unit will consist of one share and one share purchase warrant which will entitle the holder to purchase an additional share of the Company at a price of $0.11 per share for a period of two years. The proceeds of the private placement will be utilized for general working capital purposes.
A finder's fee in the maximum amount allowable will be paid in connection with the private placement offering.
The above transaction is subject to TSX Venture Exchange acceptance.
Skyharbour Developments is a Canadian mineral exploration company focused on gold exploration in the Red Lake and Birch-Uchi gold belts, Ontario, and diamond exploration in the Coronation Gulf and Victoria Island kimberlite fields, Nunavut.
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