Fair Sky Resources Inc.
TSX VENTURE : FSK

Fair Sky Resources Inc.

June 12, 2007 16:29 ET

Fair Sky Resources Inc. Completes Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwire - June 12, 2007) -

(NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES)

Fair Sky Resources Inc. ("Fair Sky" or the "Company") (TSX VENTURE:FSK) has completed the sale by way of non-brokered private placement of common shares ("Common Shares") on a "flow-through" basis which was originally announced on April 11, 2007 (the "Offering"). Pursuant to the Offering, the Company issued an aggregate of 1,698,000 Common Shares on a "flow-through" basis at $2.05 each for gross proceeds of $3,482,745. Proceeds from the Offering will be used to finance Fair Sky's exploration in south central Saskatchewan and central Alberta.

The Offering was closed in three parts with the effective dates of April 18, 2007, May 28, 2007 and June 6, 2007and accordingly the expiration of the four month hold periods on the said shares are August 19, 2007, September 7, 2007 and October 7, 2007 respectively.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Fair Sky Resources Inc.
    Tim Kemp
    President, CEO
    (403) 264-5337
    or
    Fair Sky Resources Inc.
    Jasmine Smith
    Sr. Manager, Investor Relations
    (403) 264-5337
    Email: ir@fairskyresources.com