Skyharbour Announces Closing of Private Placement for Gross Proceeds of C$10 Million
Skyharbour Resources (SYHBF) has successfully closed a combined brokered and non-brokered private placement, raising total gross proceeds of C$10,020,000. The offering included the issuance of 5,000,000 Units at C$0.40 per Unit, 2,368,420 Charity FT Shares at C$0.59, and 13,310,070 Traditional FT Shares at C$0.46.
The proceeds will fund the company's 2025 exploration and drilling programs at its uranium projects in Saskatchewan, with a focus on the Russell Lake and Moore projects. Each Unit includes one common share plus half a warrant exercisable at C$0.55 until June 20, 2027. The securities are subject to a hold period expiring April 21, 2025.
Skyharbour Resources (SYHBF) ha concluso con successo un collocamento privato combinato tramite broker e senza broker, raccogliendo incassi lordi totali di C$10.020.000. L'offerta ha incluso l'emissione di 5.000.000 di Unit a C$0,40 per Unit, 2.368.420 Charity FT Shares a C$0,59 e 13.310.070 Traditional FT Shares a C$0,46.
Le entrate finanzieranno i programmi di esplorazione e perforazione del 2025 dell'azienda presso i suoi progetti di uranio in Saskatchewan, con un focus sui progetti di Russell Lake e Moore. Ogni Unit comprende un'azione comune più mezzo warrant esercitabile a C$0,55 fino al 20 giugno 2027. I titoli sono soggetti a un periodo di blocco che scade il 21 aprile 2025.
Skyharbour Resources (SYHBF) ha cerrado con éxito una colocación privada combinada, tanto mediada como no mediada, recaudando un total de C$10,020,000. La oferta incluyó la emisión de 5,000,000 de Unidades a C$0.40 por Unidad, 2,368,420 Acciones de Caridad FT a C$0.59, y 13,310,070 Acciones Tradicionales FT a C$0.46.
Los ingresos financiarán los programas de exploración y perforación de 2025 de la compañía en sus proyectos de uranio en Saskatchewan, centrándose en los proyectos de Russell Lake y Moore. Cada Unidad incluye una acción común más medio warrant ejercitable a C$0.55 hasta el 20 de junio de 2027. Los valores están sujetos a un período de retención que expira el 21 de abril de 2025.
Skyharbour Resources (SYHBF)는 중개 및 비중개를 통한 사모 placements를 성공적으로 마감하며 총 C$10,020,000의 수익을 올렸습니다. 이번 오퍼링에는 C$0.40당 5,000,000 유닛, C$0.59당 2,368,420 자선 FT 주식, C$0.46당 13,310,070 전통 FT 주식이 포함되었습니다.
수익금은 회사의 2025년 탐사 및 시추 프로그램을 스카치완 주의 러셀 레이크 및 무어 프로젝트에 집중하여 지원하는 데 사용될 것입니다. 각 유닛은 하나의 보통주와 C$0.55로 2027년 6월 20일까지 행사할 수 있는 반 티켓이 포함되어 있습니다. 증권은 2025년 4월 21일에 만료되는 보유 기간에 따라 제한됩니다.
Skyharbour Resources (SYHBF) a réussi à conclure un placement privé combiné, à la fois par l'intermédiaire de courtiers et sans intermédiaire, levant des recettes brutes totales de C$10.020.000. L'offre comprenait l'émission de 5.000.000 d'unités à C$0,40 chacune, 2.368.420 actions de bienfaisance FT à C$0,59, et 13.310.070 actions traditionnelles FT à C$0,46.
Les recettes financeront les programmes d'exploration et de forage 2025 de l'entreprise dans ses projets d'uranium en Saskatchewan, avec un accent sur les projets de Russell Lake et Moore. Chaque unité comprend une action ordinaire plus un demi-bond exerçable à C$0,55 jusqu'au 20 juin 2027. Les titres sont soumis à une période de blocage qui expire le 21 avril 2025.
Skyharbour Resources (SYHBF) hat erfolgreich eine kombinierte, über Makler und nicht über Makler durchgeführte Privatplatzierung abgeschlossen und dabei Bruttoeinnahmen von insgesamt C$10.020.000 erzielt. Das Angebot umfasste die Ausgabe von 5.000.000 Einheiten zu je C$0,40, 2.368.420 Charity FT-Aktien zu je C$0,59 und 13.310.070 traditionellen FT-Aktien zu je C$0,46.
Die Einnahmen werden die Erkundungs- und Bohrprogramme 2025 des Unternehmens für seine Uranprojekte in Saskatchewan finanzieren, wobei der Fokus auf den Projekten Russell Lake und Moore liegt. Jede Einheit umfasst eine Stammaktie sowie einen halben Warrant, der bis zum 20. Juni 2027 zu C$0,55 ausgeübt werden kann. Die Wertpapiere unterliegen einem Haltezeitraum, der am 21. April 2025 endet.
- Raised significant capital of C$10.02 million through private placement
- Strong institutional and corporate investor participation
- Funds secured for largest planned drilling campaign at core projects
- Strategic investor participated in non-brokered offering portion
- 6.5% cash commission and compensation options paid to agents (C$589,550 in fees)
- Share dilution through issuance of new units and shares
- Securities subject to hold period until April 21, 2025
Not For Distribution to U.S. News Wire Services or Dissemination in The United States
Vancouver, BC, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that is has closed the brokered private placement previously announced by the Company on December 2, 2024, as upsized on December 3, 2024 (the “Brokered Offering”), and has additionally closed a concurrent non-brokered private placement (the “Non-Brokered Offering”, and together with the Brokered Offering, the “Offering”), for aggregate gross proceeds to the Company of C
Jordan Trimble, President and CEO of Skyharbour, stated: “Skyharbour is very well-funded for its drilling and exploration plans in 2025, with the majority of the Offering placed with several strategic institutional and corporate investors. Over the next year, the Company anticipates the largest combined drilling and exploration campaign at its core projects of Russell Lake and Moore. This will follow up on successful drilling in 2024 at both projects, which included high-grade drill results and new uranium discoveries. The Company also expects continuous cash and share payments, as well as news flow, from its prospect generator business, consisting of partner companies advancing numerous other uranium projects throughout the Athabasca Basin.”
The Brokered Offering was completed through a syndicate of agents co-led by Haywood Securities Inc. and Red Cloud Securities Inc. (collectively, the “Agents”). Pursuant to the Brokered Offering, the Company issued: (i) 5,000,000 hard dollar units of the Company (the “Units”) at a price of C
Additionally, the Company has completed a concurrent Non-Brokered Offering through the issuance of 1,250,000 Units at C
Each Unit consists of one common share of the Company (a “Share”) plus one-half of one common share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share (a “Warrant Share”) at an exercise price of C
The gross proceeds from the sale of the Charity FT Shares and the Traditional FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Income Tax Act (Canada), and will also be used to incur “eligible flow-through mining expenditures” as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the “Qualifying Expenditures”) related to the Company’s projects in Saskatchewan, on or before December 31, 2025, and to renounce all Qualifying Expenditures in favour of such subscribers effective December 31, 2024. The net proceeds from the sale of Units will be used for the 2025 exploration and drilling programs at the Company’s uranium projects in Saskatchewan, as well as for general working capital purposes.
The Offering was conducted in accordance with available prospectus exemptions pursuant to applicable Canadian securities laws, with the securities issuable under the Offering subject to a statutory hold period expiring on April 21, 2025.
In consideration for the services provided by the Agents in connection with the Brokered Offering, on closing the Company paid to the Agents a cash commission of
Directors and officers of the Company subscribed for an aggregate of C
The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in twenty-nine projects, ten of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a
Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project which hosts the Fraser Lakes Zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over
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.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.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 or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the intended use of proceeds from the Offering, the ability of the Company to renounce Qualifying Expenditures in favour of the subscribers, tax treatment of the Charity FT Shares and the Traditional FT Shares, future results of operations, performance and achievements of the Company, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
FAQ
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