Skyharbour Announces Correction to Private Placement Finders Fees
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
May 8, 2020
NEWS RELEASE
Skyharbour Announces Correction to Private Placement Finders Fees
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:
SC1P) (the “Company ”) announces that, further to the Company’s April 30, 2020 new releas e,
the Company wishes to correct the amount of finder’s fees paid pursuant to the private placement
financing closed April 30, 2020.
The Company has paid finder’s fees totaling $65,658 (corrected from $63,858) and issued an
aggregate 347,587 (corrected from 335,587) finder’s warrants (the “Finders Warrants”) to arm’s-
length parties. Each Finders Warrant is exercisable into one common share for a period of up to
three (3) years at a price of CAD $0.22.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's
Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals
with six drill -ready projects . Skyharbour has acquired from Denison Mines, a l arge strategic
shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15
kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur
River uranium mine. Moore is an advanced stage urani um exploration property with high grade
uranium mineralization at the Maverick Zone with drill results returning up to 6.0% U 3O8 over 5.9
metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has
signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and
Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total
exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares.
Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R
deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in
the Falcon Point Uranium Project on the eastern perimeter of the Basin which c ontains a NI 43-
101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2
at 0.023%. The Company's 100% owned Mann Lake Uranium project on the east side of the
Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco,
where high-grade uranium mineralization was recently discovered. Skyharbour's goal is to
maximize shareholder value through new mineral discoveries, committed long-term partnerships,
and the advancement of exploration projects in geopolitically favourable jurisdictions.
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Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/SYH_Landpackage_2014.jpg
To find out more about Skyharbour Resources Ltd. (TSX -V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
Jordan Trimble
President and CEO
For further information contact myself at:
Telephone: 604-639-3856
Or:
Simon Dyakowski
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward- looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that management of the Company expects, are forward- looking statements. Although management
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 or
developments may differ materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's beliefs, estimates or opinions,
or other factors, should change. Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, explorat ion and development successes, continued
availability of capital and financing, and general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further information.