SKRR Exploration arranges $1 million private placement

About SKRR Exploration:

SKRR (TSXV: SKRR; OTCQB: SKKRF) is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world’s highest-ranked mining jurisdictions.

Selling Points:

• Extremely Low Market Cap – Attractive Valuation – Experienced Team – Excellent Assets – Summer CLW/PLS Uranium Exploration Drilling – The Right Commodity
• SKRR recently announced an option agreement with F3 Uranium for the Clearwater West Uranium Project in Saskatchewan’s Athabasca Region, which is known as the world’s leading source of high-grade uranium and currently supplies about 20% of the world’s uranium
• SKRR’s joint venture partner, F3 Uranium, has made a significant breakthrough in this region, leading to a remarkable surge of more than 200% in their stock value within just one year. SKRR intends to collaborate with F3’s highly skilled technical team to propel the development and drilling of this project. Should SKRR achieve comparable mineral grades, there is a strong potential for its stock to deliver a performance on par with that of F3’s outstanding growth
• SKRR has projects that all show promising geology for orogenic gold, close to the top producing gold mine (Seabee) in the region.
• Saskatchewan remains Canada’s top-rated jurisdiction for mining investment and is the second most attractive worldwide.
• In March 2023, SKRR reached a definitive agreement to sell one of its properties to Fathom Nickel Inc. (CSE: FNI). In return, SKRR will receive $150,000 in cash and two million shares of Fathom, with a current value of about $220,000. As a result, SKRR’s pro forma cash and investments equal about $1.8 million, which nearly exceeds SKRR’s total stock market valuation. In other words, investors are ascribing no net value to SKRR’s projects with significant potential, located in the top mining districts globally.

An interview with SKRR Exploration CEO Sherman Dahl and F3 Uranium CEO Dev Randhawa

CEO Sherman Dahl reports:

SKRR EXPLORATION INC. ANNOUNCES PRIVATE PLACEMENT OF UP TO C$1 MILLION AND CONCURRENT SHARE CONSOLIDATION

SKRR Exploration Inc. has arranged a non-brokered private placement for gross proceeds of up to $1 million and intends to complete a consolidation of the issued and outstanding common shares immediately prior to the closing of the offering on the basis of five existing common shares for one post consolidation common share. The offering will be comprised of the sale of any combination of the following:

Units of the Company (each, a “Unit”) at a pre-Consolidation price of C$0.04 per Unit and a post-Consolidation price of C$0.20 per Unit; and flow-through units of the Company (each, a “FT Unit”, and together with the Units, the “Offered Securities”) at a pre-Consolidation price of C$0.05 per FT Unit and a post-Consolidation price of C$0.25 per FT Unit.

Red Cloud Securities Inc. will be acting as a finder for the Company under the offering.

Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a pre-Consolidation price of C$0.06 (post-Consolidation price of C$0.30) at any time on or before the date which is 36 months following the closing of the offering.

The Company intends to use the proceeds of the offering for the exploration of the Company’s projects in Saskatchewan and for general working capital purposes. The gross proceeds from the issuance of the FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than Dec. 31, 2023, to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Units for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange (the “TSXV”). Finder’s fees will be payable in accordance with the policies of the TSXV. The Unit Shares, FT Shares, Warrant Shares and any common shares of the Company that are issuable from any finder’s warrants will be subject to a hold period of four months and one day following the closing date of the offering in accordance with applicable securities laws.

About SKRR Exploration Inc.

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world’s highest-ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan. SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

This is sponsored content issued on behalf of SKRR Exploration, please see full disclaimer here.