Brief: Skyharbour Signs Definitive Agreement With Pitchblende Energy And Valor Resources To Option 80% Of The North Falcon Point Uranium Property

Skyharbour Resources

09/12/2020 12:11

Dec 9 (Reuters) - Skyharbour Resources Ltd  SYH.V :
    * SKYHARBOUR SIGNS DEFINITIVE AGREEMENT WITH PITCHBLENDE
ENERGY
AND VALOR RESOURCES TO OPTION 80% OF THE NORTH FALCON POINT
URANIUM PROPERTY
    * SKYHARBOUR RESOURCES LTD - PITCHBLENDE WILL CONTRIBUTE
CASH AND
EXPLORATION EXPENDITURE CONSIDERATION TOTALING CAD $3,975,000
OVER A THREE-YEAR PERIOD
    * SKYHARBOUR RESOURCES LTD - OF PROJECT CONSIDERATION,
$475,000
WILL BE IN CASH PAYMENTS TO SKYHARBOUR AS WELL AS $3.5 MILLION
IN EXPLORATION EXPENDITURES
    * SKYHARBOUR RESOURCES LTD - VALOR WILL ALSO ISSUE A TOTAL
OF
233.3 MILLION SHARES UPFRONT

Source text for Eikon:  ID:nGNXc7Y2l3 
Further company coverage:  SYH.V 

 ((Reuters.Briefs@thomsonreuters.com;))