Skyharbour Closes $3.06 Million Private Placement of Flow-Through Units

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) announces that it has closed a non-brokered private placement financing for total gross proceeds of CAD $3,062,298.02 (the “Private Placement”). The majority of the Private Placement was subscribed for by strategic institutional investors. The Company now has over CAD $7.5 million in cash and equity holdings in other companies.

Skyharbour has allotted and issued 8,058,679 units (the “Units”) at a price of CAD $0.38 per Unit. Each Unit is comprised of one flow-through common share and one-half of one warrant (each whole, a “Warrant”). Each Warrant will entitle the holder to purchase one non-flow-through common share for a period of three (3) years at a price of CAD $0.50 per share.

In addition, the Company has paid finder’s fees of $120,089.88 and issued 316,026 finder’s warrants (the “Finder’s […]

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