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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2012) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces that further to its news release dated December 23, 2011 it has closed its non-brokered private placement and has issued a total of 21,000,000 units at a price of $0.05 per unit to raise gross proceeds of $1,050,000. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional common share of the Company at a price of $0.10 per share. The Company closed the private placement in two tranches. 11,735,000 share purchase warrants are exercisable until January 25, 2015 and the balance of 9,265,000 share purchase warrants are exercisable until January 27, 2015. |
