Skyharbour Resources Commences Trading on the OTCQB Marketplace Under the Symbol SYHBF
December 05 2016 - 5:00PM
Skyharbour Resources
Ltd. (TSX-V:SYH) (OTCQB:SYHBF)
(Frankfurt:SC1P) (the “Company”) is pleased to announce that the
Company has commenced trading on the OTCQB marketplace.
Skyharbour Resources’ common shares commenced
quotation on the OTCQB Venture Marketplace under the symbol SYHBF,
effective at the market open on December 5th 2016. Skyharbour’s
common shares are also quoted on the TSX Venture Exchange and the
Frankfurt Exchange.
OTC Markets Group Inc., located in New York,
N.Y., operates the world's largest electronic interdealer quotation
system for broker dealers to trade over 10,000 securities not
listed on any other United States stock exchange. North American
and international investors can now trade and find news, current
financial disclosure, and real-time level 2 quotes for Skyharbour
Resources at the OTC website.
Jordan Trimble, Skyharbour’s CEO stated: “Having
an OTCQB listing allows Skyharbour’s shareholders to have greater
accessibility to trading the Company’s common shares, especially
those who are living in the United States. This additional listing
also gives the Company a much more extensive and robust potential
shareholder and capital base.”
Upcoming Drill Program:
The Company is on schedule to commence its
previously announced drill program on its flagship property, Moore
Lake, in January 2017 with additional news forthcoming on the
program. Skyharbour recently secured an option from Denison Mines
(TSX:DML), a large shareholder of the Company, to acquire a 100%
interest in the Moore Lake Uranium Project which hosts the high
grade Maverick Zone where previous drilling returned 4.03% U3O8
over 10 metres at 265 metres depth. In addition to the Maverick
Zone, the project hosts other mineralized targets with strong
discovery potential which the Company plans to test in the upcoming
drill program.
Qualified Person:
The technical information in this news release
has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed and
approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head
Technical Advisor and a Director, as well as a Qualified
Person.
About Skyharbour Resources
Ltd.:
Skyharbour holds an extensive portfolio of
uranium and thorium exploration projects in Canada's Athabasca
Basin and is well positioned to benefit from improving uranium
market fundamentals with five drill-ready projects. In July 2016,
Skyharbour acquired an option from Denison Mines to acquire 100% of
the Moore Lake Uranium Project which is located 20 kilometres east
of Denison’s Wheeler River project and 39 kilometres south of
Cameco’s McArthur River mine. Moore Lake is an advanced stage
uranium exploration property with over $30 million in historical
exploration, 370 diamond drill holes, and a high-grade uranium zone
known as the Maverick Zone with drill results including 4.03% eU3O8
over 10 metres at a vertical depth of 265 metres. The Company owns
a 100% interest in the Falcon Point (formerly Way Lake) Uranium
Project on the eastern perimeter of the Basin which hosts an NI
43-101 inferred resource totaling 7.0 million pounds of U3O8 at
0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also
hosts a high grade surface showing with up to 68% U3O8 in grab
samples from a massive pitchblende vein, the source of which has
yet to be discovered. Skyharbour also has a 50% interest in the
large, geologically prospective Preston Uranium Project proximal to
Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow
deposit. The Company’s 100% owned Mann Lake Uranium project on the
east side of the Basin is strategically located adjacent to the
Mann Lake Joint Venture operated by Cameco with partners Denison
Mines and AREVA, where high-grade uranium mineralization was
recently discovered. Skyharbour’s goal is to maximize shareholder
value through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in
geopolitically favourable jurisdictions.
To find out more about Skyharbour Resources Ltd.
(TSX-V:SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan
Trimble”
Jordan TrimblePresident and CEO
For further information contact myself or:Nick FindlerCorporate
Development and Communications Skyharbour Resources Ltd. Telephone:
604-687-3850 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email:
info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS UPDATE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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