Skyharbour Resources Ltd.
TSX VENTURE : SYH
PINKSHEETS : SYHBF

Skyharbour Resources Ltd.

August 15, 2013 15:48 ET

Skyharbour Resources Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2013) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) (PINKSHEETS:SYHBF) (the "Company") announces that further to its news release dated July 26th, 2013, it has closed its non-brokered private placement and has issued a total of 5,312,500 flow-through units at a price of $0.08 per unit to raise gross proceeds of $425,000. Each flow-through unit consists of one flow-through common share and one non-transferable non flow-through share purchase warrant which entitles the holder to purchase one additional non flow-through common share of the Company at a price of $0.10 per share until August 14th, 2015

The flow-through common shares and any shares to be issued upon exercise of the warrants will be subject to a four month hold restriction until December 15, 2013.

There were no finder's fees paid in connection with this private placement offering.

The Company intends to utilize the proceeds from this private placement for a continuing exploration program on its Athabasca Basin, Saskatchewan uranium properties.

Western Athabasca Syndicate Project Claims Map:
http://skyharbourltd.com/_resources/SYH%20Western%20Basin%20Syndicate.jpg

About Skyharbour Resources Ltd.:

Skyharbour Resources Ltd. is a uranium exploration company and a member of the Western Athabasca Syndicate which controls a large, geologically prospective land package consisting of five properties (709,513 acres) in the Athabasca Basin of Saskatchewan. The Company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions. The Company has 35.8 million shares outstanding.

To find out more about Skyharbour Resources Ltd. (TSX VENTURE:SYH), visit the Company's website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Jordan P. Trimble, President

NEITHER 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.

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, 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.

Contact Information

  • Skyharbour Resources Ltd.
    Jordan P. Trimble
    President
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)

    Skyharbour Resources Ltd.
    Don Myers
    Director
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@skyharbourltd.com
    www.skyharbourltd.com