Two Non-brokered Private Placements Closed (2,000,000 and 270,000 Flow-Through Units)
Dec 15, 2003
The Company announces that it has closed its non-brokered private placement of 2,000,000 flow-through units announced by news release dated November 21, 2003. The Company issued 2,000,000 flow-through units at a price of $0.15 per unit. Each flow-through unit consists of one flow-through share and one share purchase warrant which entitles the holder to purchase an additional non flow-through share of the Company at a price of $0.16 per share until, December 10, 2004. In addition, the Company issued 200,000 non flow-through units, on the same terms, as a finder's fee in this transaction. The shares and any shares to be issued upon exercise of the warrants will be subject to a hold period and shall not trade before April 11, 2004.
The Company also announces that it closed its non-brokered private placement of 270,000 flow-through units announced by news release dated November 24, 2003. The Company issued 270,000 flow-through units at a price of $0.15 per unit. Each flow-through unit consists of one flow-through share and one share purchase warrant which entitles the holder to purchase an additional flow-through share of the Company at a price of $0.18 per share until December 10, 2004. In addition, the Company paid the sum of $3,000 as a finder's fee in this transaction. The shares and any shares to be issued upon exercise of the warrants will be subject to a hold period and shall not trade before April 11, 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 9 mineral properties located in the Red Lake greenstone belt.
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