Skyharbour Resources Arranges Flow-Through Private Placement
Suite 2230 – 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.skyharbourltd.com
TSX-V Trading Symbol: SYH Telephone: (604) 687-3376 Email: [email protected] Facsimile : (604) 687-3119
NEWS RELEASE
March 25, 2010
Skyharbour Resources Arranges Flow-Through Private Placement
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the “Company”) announces that it has arranged a non-brokered private placement of up to 5,000,000 flowthrough units at a price of $0.05 per unit.
Each flow-through unit consists of one flow-through common share and one nontransferable share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase a non flow-through common share (the “warrant shares”) of the Company at a price of $0.10 per warrant share for a period of two years from the date of closing of the private placement.
The Company may pay up to a 7% finder’s fee in cash and/or non-flow-through units in connection with part of this private placement offering.
The Company intends to utilize the proceeds from the private placement on the Company’s continuing drill program on its Broulan Reef gold project located in Red Lake, northwestern Ontario.
The private placement is subject to the acceptance of the TSX Venture Exchange.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company’s website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Pettit”
JAMES G. PETTIT Director
For further information contact myself or:
Don Myers Skyharbour Resources Ltd.
Director Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.