Skyharbour Closes Second Tranche Private Placement
Suite 2230 – 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.skyharbourltd.com
TSX-V Trading Symbol: SYH Telephone: (604) 687-3376 Email: [email protected] Facsimile : (604) 687-3119
NEWS RELEASE
May 07, 2010
Skyharbour Closes Second Tranche Private Placement
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the “Company”) announces that, further to its news release of March 25, 2010, the Company has raised the sum of $42,500 on a second and final tranche closing of its private placement by the issuance of 850,000 flow-through units at a price of $0.05 per unit.
Each flow-through unit consists of one flow-through common share and one share purchase warrant. Each warrant entitles the holder to purchase one non flow-through common share of the Company at a price of $0.10 per share until 4:00 p.m. (Vancouver time), April 23, 2012. A finder’s fee of $875 was paid in connection with this private placement. The common shares comprising the units and any shares acquired on exercise of the warrants forming part of the units will be subject to a four month restriction on resale expiring on August 24, 2010.
The funds raised will be applied to the continuing drill program on the Company’s 20% owned Broulan Reef gold project located in Red Lake, northwestern Ontario.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company’s website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Don Huston”
DONALD C. HUSTON President
For further information contact myself or:
Don Myers Skyharbour Resources Ltd.
Director Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected]
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