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