Skyharbour Resources completes $2.1M financing

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By CPE News

Vancouver (pcJ News Briefs) – Skyharbour Resources Ltd. (TSX-V: SYH; OTCQB: SYHBF; FSE: SC1P) has closed previously announced non-brokered private placement of 2,452,660 flow-through (FT) shares at $0.60 per FT share and 1,258,000 units at $0.50 per unit for aggregate gross proceeds of $2,100,596.

Denison Mines Corp. (TSX: DML), Skyharbour Resources’ largest strategic shareholder subscribed 400,000 units for $200,000.

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 $0.75 per common share.

Skyharbour Resources plans to use the proceeds to advance the Moore Uranium project through diamond drill programs planned for the summer of 2017 as well as the winter of 2018.

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