The Company announces that it has closed the first tranche of its 6,000,000 unit private placement announced July 6, 2004. The Company issued 4,450,000 Units with each Unit consisting of one share and one share purchase warrant entitling the holder to purchase an additional share of the Company at a price of $0.10 per share until July 27, 2005. The Company also issued 135,000 units to finders in connection with this private placement. The shares issued and any shares to be issued upon exercise of the warrants will be subject to a hold period and will not trade before November 28, 2004.
About Skyharbour Resources Ltd.:
Skyharbour Resources 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
"Don C. Huston"
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd..
Toll Free: 800-567-8181
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