Skyharbour Increases its Private Placement of Common and Flow-Through Shares
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
July 31st, 2018
NEWS RELEASE
Skyharbour Increases its Private Placement of Common and Flow-Through Shares
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:
SC1P) (the “Company”) announces that due to strong interest the Company has increased its
non-brokered private placement financing to aggregate gross proceeds of approx. CAD $2.5
million. The Company has increased its placem ent from 3,250,000 units of the Company (the
“Units”) to 3,600,000 Units at a price of CAD $0.40 each, and has increased its placement from
1,650,000 flow-through units (the “FT Units”) to 2,400,000 at a price of CAD $0.45 each. Each
Unit will be comprised of one common share and one warrant (“Warrant”). Each whole Warrant
will entitle the holder to purchase one additional common share for two (2) years at a price of CAD
$0.60 each. Each FT Unit will be comprised of one flow-through common share and one-half of
one warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase one additional
common share for two (2) years at a price of CAD $0.60 each.
The Company intends to use the proceeds from this private placement for exploration and
upcoming drilling as well as for general working capital purposes. The private placement is subject
to TSX Venture Exchange approval, and all securiti es are subject to a four-month-and-one-day
hold period. Finder fees may be payable in connection with the private placement, all in
accordance with the policies of the TSX Venture Exchange.
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 five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a
large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which
is located approx. 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 uranium exploration
property with high grade uranium mineralization at the Maverick Zone with drill results returning
6.0% U 3O8 over 5.9 metres including 20.8% U 3O8 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% on 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, geologica lly 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
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contains an NI 43-101 inferred resource totaling 7.0 million pounds of U 3O8 at 0.03% and 5.3
million pounds of ThO2 at 0.023%. The project also hosts a high-grade surface showing with up
to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be
discovered. 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 rec ently 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.
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 or:
Nick Findler
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3850
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 statem ents of historical facts, that address events or
developments that management of the Company expects, are forward-looking statements.
Although management believes the expectations expr essed 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, exploration 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.