Vancouver, BC --Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces that the Company will not proceed with the second tranche closing of its flow-through private placement announced April 25, 2006.
The Company announces that it will proceed with a 2,200,000 "non" flow-through unit private placement at a price of $0.08 per unit. Each until will consist of one share and one share purchase warrant which entitles the holder to purchase an additional share of the Company for a period of two years at a price of $0.105.
The Company intends to utilize the proceeds of the private placement for general working capital.
The private placement is subject to TSX Venture Exchange approval.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisitions of and exploration of gold projects in Red Lake, Northwestern, Ontario. It has options or interests in 6 mineral properties located in the Red Lake gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS
Donald C. Huston
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
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