Skyharbour Resources Ltd. announced a non-brokered private placement of 2,333,334 flow-through 1 units at a price of CAD 0.75 per unit for proceeds of CAD 1,750,000.5 and 6,000,000 flow-through 2 units at a price of CAD 0.77 per unit for gross proceeds CAD 4,620,000; for total gross proceeds of CAD 6,370,000.5 on December 15, 2023. Each flow-through 1 unit is comprised of one flow-through common share and one-half of one warrant. Each FT1 Unit Warrant will entitle the holder to purchase one non-flow through common share for a period of three years at a price of CAD 0.90 per share.

Each flow-through 2 unit will consist of one flow-through Share and one common share purchase warrant Each flow-through 2 Warrant will entitle the holder to purchase one non-flow through common share for a period of three years at a price of CAD 0.80 per share. The transaction included participation from two strategic institutional investors. The company has paid finder?s fees of CAD 282,800 and issued 420,000 finder?s warrants to arm?s-length?s parties.

Each Finder?s Warrant is exercisable into one common share for a period of up to three years at a price of CAD 0.80. The transaction is subject to final TSX Venture Exchange approval and and all securities issued are subject to a hold period of four months and one day. The transaction included participation from two placees.