SKRR Exploration Inc. Announces Private Placement
SKRR Exploration Inc. Announces Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - SKRR Exploration Inc. (TSXV: SKRR)
("SKRR" or the "Company") is pleased to announce that it intends to complete a non-brokered private
placement of up to 10,000,000 units (each a "Unit") at a price of $0.25 per Unit for gross proceeds of up
to $2,500,000 (the "Private Placement"). Each Unit will be comprised of one common share and one-
half of one common share purchase warrant (each a "Warrant"). Each whole Warrant is exercisable to
purchase one common share of the Company at a price of $0.50 per share for a period of 18 months
from the date of closing of the Private Placement.
The Private Placement is subject to TSX Venture Exchange approval and all securities are subject to a
four month hold period. Finder's fees may be payable in connection with the Private Placement, all in
accordance with the policies of the TSX Venture Exchange and applicable securities laws.
The net proceeds from the Private Placement will be used for future exploration work on the Company's
properties, corporate development, and general corporate and working capital purposes.
About SKRR Exploration Inc.: SKRR is a Canadian-based precious 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 precious 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 includes certain statements that constitute "forward-looking information or statements"
within the meaning of applicable securities law, including without limitation, SKRR's plans for its
properties/projects, the private placement and use of funds, other statements relating to the technical,
financial and business prospects of SKRR, and other matters.
This news release contains "forward‐looking information or statements" within the meaning of applicable
securities laws, which may include, without limitation, statements that address SKRR's plans for its
properties/projects, the private placement and use of funds, other statements relating to the technical,
financial and business prospects of SKRR, 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, 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 those filed
under the Company's profile on SEDAR at www.sedar.com. 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 conditions, failure to obtain the necessary equipment or machinery, failure to maintain all
necessary government permits, approvals and authorizations, 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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES.
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