SKRR Exploration Inc. Closes Acquisition of the Nickel Peak Claim Group, Omineca mining district of British Columbia
SKRR Exploration Inc. Closes Acquisition of
the Nickel Peak Claim Group, Omineca mining
district of British Columbia
VANCOUVER, BC
,
June 9, 2022
/CNW/ -
SKRR Exploration Inc. ("SKRR" or the "Company")
(TSXV: SKRR) (OTC Pink: SKKRF) (FSE: B04Q) is pleased to announce it has received TSX
Venture Exchange approval of the previously announced share purchase agreement to acquire all of
the issued and outstanding shares of 1364991 BC Ltd., an arm's length private B.C. Company that
holds an undivided 100% interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks.
SKRR's 100% owned Nickel Peak claims span 3874.5 acres (1568 hectares) and is approximately
110 kilometres northwest of
Fort St. James, B.C.
, in the Omineca mining district. Metallic
mineralization includes nickel, cobalt and chromium with the documented presence of awaruite.
Assays by Acme Analytical Laboratories Ltd. in 2005 returned up to 1826 ppm 1734 ppm Nickel with
1113 ppm Chromium. The good to date of the Nickel Peak claims is
October 20, 2022
.
Terms of the Agreement
SKRR entered into a share purchase agreement dated as of
June 6, 2022
, under which SKRR has
purchased all of the issued and outstanding shares of 1364991 BC Ltd., an arm's length private B.C.
company that holds an undivided 100% interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks.
As consideration for SKRR's purchase of all of the shares of
1364991 B
.C. Ltd., SKRR issued three
(3) million common shares, on a pro rata basis, to the shareholders of
1364991 B
.C. Ltd. All SKRR
common shares issued pursuant to the share purchase agreement are subject to a voluntary hold
period of four months. The news release dated
June 7, 2022
, erroneously referenced that the share
purchase agreement and
1364991 B
.C. Ltd. were non-arm's length parties (the parties are arm's
length). The shareholders (vendors) of
1364991 B
.C. Ltd. are: (i)
1274596 B
.C. Ltd. (
Robert
Nicholas Horsley
), (ii)
1170147 B
.C. Ltd. (Hani El Rayess), and (iii)
1335527 B
.C. Ltd. (
Daniel
Terrett
).
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by
Ross McElroy P.Geol
, a director of the Company and a "Qualified Person" as defined
in National Instrument 43-101 –
Standards of Disclosure
for Mineral Projects
. Mr. McElroy verified
the data disclosed which includes a review of the sampling, analytical and test data underlying the
information and opinions contained therein.
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 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 that address the Nickel
Peak claims, and the expected outcomes, 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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%SEDAR: 00027214E
For further information:
Sherman Dahl, President & CEO, Tel: 250-558-8340
CO: SKRR Exploration Inc.
CNW 17:00e 09-JUN-22