FT2

Skyharbour Closes $6.37 Million Private Placement of Flow-Through Units

Retrieved on: 
Friday, December 15, 2023
Placement, Private, Athabasca Basin, TSX Venture Exchange, Income Tax Act, Private placement, CAD, Unit, FT2

Vancouver, BC, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) financing for total gross proceeds of CAD $6,370,000.

Key Points: 
  • Vancouver, BC, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) financing for total gross proceeds of CAD $6,370,000.
  • The Private Placement was subscribed for by several strategic institutional investors.
  • The Company has allotted and issued 2,333,334 flow-through units at a price of CAD $0.75 per unit (the “FT1 Units”) as well as 6,000,000 flow-through units at a price of CAD $0.77 per unit (the "FT2 Units") on a charity flow-through basis.
  • The Private Placement is subject to final TSX Venture Exchange approval and all securities issued are subject to a four-month-and-one-day hold period.