SKRR Exploration Inc. Closes Private
SKRR Exploration Inc. Closes Private
Placement Financing
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OR INTO
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./
VANCOUVER, BC
,
July 6, 2022
/CNW/ - SKRR Exploration Inc. ("
SKRR
" or the "
Company
")
(TSXV: SKRR) (OTC: SKKRF) (FSE: B04Q) is pleased to announce that it has closed a non-
brokered private placement (the "
Private Placement
") for gross proceeds of
$229,502
, consisting
of 2,991,700 flow-through units of the Company (each, a "
FT Unit
") at a price of
$0.06
per FT Unit
and 909,091 units of the Company (each, a "
Unit
") at a price of
$0.055
per Unit.
Each FT Unit consists of one 'flow-through' common share ("
FT Share
") and one transferable
common share purchase warrant ("
Warrants
"). Each whole Warrant entitles the holder to purchase
one common share of the Company at a price of
$0.08
per share for a period of two (2) years
following the date of issuance. Each FT Share is a "flow-through share" within the meaning of the
Income Tax Act
(
Canada
) (the "
Act
").
Each Unit consists of one common share of the Company and one Warrant. Each Warrant entitles
the holder thereof to purchase one common share of the Company at a price of
$0.08
for a period
of two (2) years from the date of issuance.
The proceeds from the Private Placement will be used for exploration expenditures on the
Company's projects and for general corporate purposes and working capital.
All securities issued in connection with the Private Placement are subject to a four month hold period
from the closing date in accordance with applicable securities laws and the policies of the TSX
Venture Exchange. In connection with the Private Placement, the Company paid aggregate cash
finder's fees of
$12,250.14
and issued 64,169 non-transferable finder warrants that are exercisable
for a period of two (2) years from the date of issuance at a price of
$0.08
per share.
About SKRR Exploration Inc.
:
SKRR is a Canadian-based precious metal explorer with properties in
British Columbia
and
Saskatchewan
– some of the world's highest ranked mining jurisdictions. The primary exploration
focus is on the Trans-Hudson Corridor in
Saskatchewan
in search of world class precious and base
metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has
been significantly under-explored in
Saskatchewan
. SKRR is committed to all stakeholders including
shareholders, all its partners and the environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful, including any of the securities in
the United States of America
. The securities
have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "
1933 Act
") or any state securities laws and may not be offered or sold within
the
United States
or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the
1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration requirements is available.
Cautionary Statement Regarding Forward Looking Information
This news release contains "forward
looking information or statements" within the meaning of
applicable securities laws, which may include, without limitation, statements that address the Private
Placement and the use of proceeds, other statements relating to the technical, financial and
business prospects of the Company, its projects and other matters. All statements in this news
release, other than statements of historical facts, that address events or developments that the
Company expects to occur, are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results may differ materially
from those in the forward-looking statements. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the environment in
which the Company will operate in the future, including the price of metals, the ability to achieve its
goals, the ability to secure equipment and personnel to carry out work programs, that general
business and economic conditions will not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such forward-looking information reflects the
Company's views with respect to future events and is subject to risks, uncertainties and
assumptions, including the risks and uncertainties relating to the interpretation of exploration results,
the interpretation of technical and scientific data, risks related to the inherent uncertainty of
exploration and development and cost estimates and the potential for unexpected costs and
expenses and including those filed under the Company's profile on SEDAR at
www.sedar.com
.
There is a possibility that future exploration, development or mining results will not be consistent with
the Company's expectations. Factors that could cause actual results to differ materially from those in
forward looking statements include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather or climate
conditions, decrease in the price of nickel, gold and other metals, equipment failures or failure to
obtain the necessary equipment, failure to maintain all necessary government permits, approvals and
authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to
operate, failure to maintain community acceptance (including First Nations), increase in costs,
litigation, and failure of counterparties to perform their contractual obligations. The Company does
not undertake to update forward
looking statements or forward
looking information, except as
required by law.
SOURCE
SKRR EXPLORATION INC.
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CO: SKRR EXPLORATION INC.
CNW 16:00e 06-JUL-22