SKRR Exploration Inc. Announces Clarification on Prior Agreement with Red Cloud
SKRR Exploration Inc. Announces Clarification
on Prior Agreement with Red Cloud
VANCOUVER, BC
,
March 21, 2024
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q)
("
SKRR
" or the "
Company
") announces a previous engagement of Red Cloud Financial Services Inc.
("
Red Cloud
") for certain capital market advisory services pursuant to an advisory agreement dated
December 8, 2021
(the "
Agreement
") was not accepted by the TSX Venture Exchange (the
"
Exchange
") as it did not fully comply with Exchange policies.
Red Cloud
assisted in overall marketing of the Company. Certain of the services enumerated in the
Agreement constituted promotional activity within the scope of Policy 3.4 of the Exchange. The
Agreement was for an initial term of twelve months and automatically renewed on a month-to-month
basis until terminated by either party on thirty days' prior written notice. The Agreement was formally
terminated in
June 2023
. Under the engagement,
Red Cloud
was paid an initial fee of
$150,000
for
the initial twelve-month period and
$10,000
per month thereafter.
Red Cloud
is arm's length to the
Company.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with properties in
Saskatchewan
–
one 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 uranium, 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 release.
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 relating to the
Agreement, and 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, risks related to the inherent
uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses
and those other risks filed under the Company's profile on SEDAR at
www.sedarplus.ca
. 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, failure to secure personnel and
equipment for work programs, adverse weather and climate conditions, 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, decrease in the price of gold, copper,
nickel, uranium and other metals, 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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For further information:
Sherman Dahl, President & CEO, Tel: 250-558-8340
CO: SKRR EXPLORATION INC.
CNW 16:05e 21-MAR-24