SKRR Exploration Inc. Announces Debt Settlement
SKRR EXPLORATION INC. ANNOUNCES
DEBT SETTLEMENT
VANCOUVER, BC
,
May 29, 2023
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE:
B04Q) ("
SKRR
" or the "
Company
") announces that it entered into a debt settlement agreement with
an arm's length party of the Company, to settle an aggregate
$50,000
of debt in consideration for
the issuance of an aggregate 1,000,000 common shares (the "
Shares
") at a deemed price of
$0.05
per Share (the "
Debt Settlement
"). The debts are for unpaid advisory fees.
The Debt Settlement is subject to TSX Venture Exchange approval, and all Shares will be subject to
a four month hold period.
About SKRR Exploration Inc.
:
SKRR is a Canadian-based precious and base 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.
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 Debt
Settlement, and other statements relating to the technical, financial and business prospects of the
Company, its projects and other matters, and the Company's plans and goals. 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 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 20:30e 29-MAY-23