Private Placement Closes
Aug 5, 2005
Skyharbour Resources Ltd. (the Company) announces that it has closed its 2,000,000 unit non-brokered private placement announced by news release dated July 21, 2005. The Company issued 2,000,000 units at a price of $0.05 per unit. Each unit consists of one share and one share purchase warrant which entitles the holder to purchase an additional share of the Company at a price of $0.10 until July 25, 2007. 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 November 26, 2005.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. 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 Huston"
DONALD C. HUSTON
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.