Skyharbour Closes $3.50 Million Private Placement of Flow-Through Units

Skyharbour Closes $3.50 Million Private Placement of Flow-Through Units

Skyharbou r Resources Ltd . (TSX-V: SYH ) (OTC QB : SYHBF ) (Frankfurt: SC1P ) (the " Company ") announces that it has closed a non-brokered private placement financing for total gross proceeds of CAD $3,500,319.84 (the "Private Placement"). The Private Placement was subscribed for by two strategic institutional investors.

Skyharbour has allotted and issued 7,292,333 units (the "Units") at a price of CAD $0.48 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 $0.65 per share.

In addition, the Company has paid finder’s fees of $50,016 and issued 104,200 finder’s warrants (the "Finder’s Warrants") to an arm’s-length party. Each Finder’s Warrant is exercisable into one common share for a period of up to […]

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