NEWSShould help pay for some of the drilling. Also should help over on the SYH board. Of course Trimble has 500,000 of these shares so we will probably see these next march/April. Hopefully, by then we see some results.
Skyharbour raises $350,000 for McKenzie Island
2005-12-21 16:42 ET - News Release
Mr. Jim Pettit reports
PRIVATE PLACEMENT CLOSES
Skyharbour Resources Ltd. has closed its seven-million-unit non-brokered private placement announced by news in Stockwatch dated Nov. 7, 2005. The company issued a total seven million units at a price of five cents per unit. Each unit consists of one share and one share purchase warrant which entitles the holder to purchase an additional share of the company at a price of 10 cents per share for a period of one year from the date of issuance.
The company closed the private placement in two tranches. The first tranche of 5.9 million shares and any shares to be issued upon exercise of the 5.9 million share purchase warrants are subject to a hold period and shall not trade before March 30, 2006. The 5.9 million warrants expire Nov. 29, 2006. The second tranche of 1.1 million shares and any shares to be issued upon exercise of the 1.1 million share purchase warrants are subject to a hold period and shall not trade before April 20, 2006. The 1.1 million warrants expire on Dec. 19, 2006.