Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) announces that it has closed its 3,000,000 unit private placement announced by news release dated February 6, 2007. The Company raised the sum of $300,000 by the issuance of 3,000,000 Units.
The Units are at a price of $0.10 per Unit. Each Unit consists of one common share and one share purchase warrant which entitles the holder to purchase an additional common share at a price of $0.135 until the close of business March 5, 2009.
The common shares and warrants issued under the placement and any shares issued pursuant to the exercise of the share purchase warrants, are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring July 7, 2007.
The following pros and insiders participated in this private placement: Jim Pettit (I), Donald Myers (I), William A. Trimble (I), and Ted Dusyk (P).
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 11 gold or base metal properties located in the Red Lake and Rainy River greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
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