Vancouver (pcJ News Briefs) – Skyharbour Resources Ltd. (TSX-V: SYH; OTCQB: SYHBF; FSE: SC1P) has arranged a non-brokered private placement of 1,000,000 units at CDN $0.50 per unit and 2,500,000 flow-through (FT) shares at CDN $0.60 per FT share for aggregate gross proceeds of CDN $2,000,000.
Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for two years at a price of CDN $0.75 per common share.
Skyharbour Resources intends to utilize the proceeds from this private placement for exploration and general working capital purposes.
Skyharbour Resources Ltd. holds an extensive portfolio of uranium and thorium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with five drill-ready projects.
photo credit: Skyharbour Resources