Skyharbour Share Consolidation
Nov 16, 2010
Publisher: Don Myers, Corporate Communications
Author: Jim Pettit, Director
Dear Skyharbour Shareholder,
This is a reminder of the Skyharbour Resources (TSX.V: SYH) Special General Meeting that is upcoming (Tuesday, November 23). It is in regards to a share consolidation (1 new for 10 old basis) that the Company strongly urges shareholders to vote for. A non-vote will not count towards anything and voting closes this Friday (November 19) at 10:00 AM Pacific Time.
Skyharbour shares are currently trading between 1.5 and 2 cents. The Company cannot raise funds at these prices and is accumulating debt as a result. Without a share price conducive to financings, and no money in the treasury, the Company runs the risk of financial insolvency.
Management of the Company believes that a consolidation of its share capital will better position Skyharbour to raise the funds it requires to finance its ongoing business activities including the acquisition of mineral properties and exploration and development of its properties. In order to be able to add shareholder value, the Company feels this share consolidation is necessary.
You should have received a voting proxy in the mail. If you have not received your proxy, have misplaced it, or wish to change your vote, please contact us immediately or the Company can arrange for a representative to call you and take your vote over the phone (just send your name and phone number to info@skyharbourltd.com). You can also find instructions for voting in the following document (see page 12): http://www.skyharbourltd.com/_resources/SYH-Shareholder-vote.pdf.
To vote directly, please call 1-866-732-VOTE (8683) or go to www.investorvote.com.
The Company's flagship project is the Broulan Reef property in Red Lake, adjacent to Goldcorp's world-class Bruce Channel Deposit. Skyharbour has a 24.5% interest in the Baird Property with Goldcorp holding a 51% interest in the property. The Company also holds a 100% interest in 3,200 acres of land that includes the former Selco South Bay copper-zinc-silver mine known as the South Bay Copper-Zinc-Silver Project. Furthermore, Skyharbour owns 50% of the 7000 acre Heyson Property in Red Lake.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
Director
Skyharbour Resources Inc.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com