SKRR Exploration Inc. Announces Effective Date for Consolidation and Private Placement

SKRR Exploration Inc. Announces Effective Date for Consolidation and Private Placement

 
 

  /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /  

 

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces that, further to its news release of June 6, 2023 the Company will complete a consolidation of the issued and outstanding common shares immediately prior to the closing of the  Offering (as defined below) on the basis of five (5) existing common shares for one (1) post-consolidation common share (the " Consolidation ").

 
 

  SKRR Exploration Inc. Logo (CNW Group/SKRR EXPLORATION INC.) 

 
 

Effective at the opening of the market on Monday, July 10, 2023 , the Company's common shares will trade on the TSX Venture Exchange (the " Exchange ") on a consolidated basis (with new CUSIP number 78446Q209 and new ISIN number CA78446Q2099). The Company's name and trading symbols will remain unchanged.

 

Shareholders who hold their shares in brokerage accounts or in "street name" are not required to take any action to effect an exchange of their shares. Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates representing pre-consolidation shares for new certificates representing post-consolidation shares. Until surrendered, each share certificate representing pre-consolidation shares will represent the number of whole post-consolidation shares to which the holder is entitled as a result of the consolidation.

 

The Consolidation will reduce the issued and outstanding common shares of the Company from 76,276,702 to 15,255,340 common shares. Upon completion of the Consolidation and the Offering, 15,710,340 common shares of the Company will be issued and outstanding. The exercise or conversion price of warrants and stock options and the number of common shares issuable thereunder will also be proportionately adjusted pursuant to the Consolidation. The number of post-Consolidated common shares received will be rounded up to the nearest whole number for fractions of 0.5 or greater and rounded down to the nearest whole number for fractions of less than 0.5. Pursuant to the provisions of the Business Corporations Act ( British Columbia ) and the Articles of the Company, the Consolidation was approved by way of resolutions passed by the board of directors of the Company and approved by the Exchange.

  

After the Consolidation, the Company will close a non-brokered private placement (the " Offering ") for aggregate gross proceeds of $105,000 , consisting of 280,000 flow-through units of the Company (each, a " FT Unit ") at a price of $0.25 per FT Unit and 175,000 units of the Company (each, a " Unit ") at a price of $0.20 per Unit.

 

Each Unit consists of one common share of the Company (" Unit Share ") and one common share purchase warrant (" Warrant "). Each FT Unit consists of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act ( Canada ) (a " FT Share ") and one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a post-Consolidation price of $0.30 at any time on or before the date which is 36 months following the closing of the Offering.

 

Additional details regarding the Offering will be provided in a subsequent news release upon the closing of the Offering. The closing of the Offering is subject to the final approval of the Exchange.

  

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

 
  ON BEHALF OF THE BOARD  
 

Sherman Dahl
President & CEO
Tel: 250-558-8340

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor in any other jurisdiction.

 
  Forward-Looking Information  
 

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Consolidation and the Offering, the intended use of proceeds of the Offering and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedar.com . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, decrease in the price of gold, copper, nickel, uranium and other metals, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 
 
 

SOURCE SKRR Exploration Inc. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/July2023/05/c9096.html  

 
 

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Canadian Investment Regulatory Organization Trade Resumption - SKRR

Canadian Investment Regulatory Organization Trade Resumption - SKRR

 
 

Trading resumes in:

 

Company: SKRR Exploration Inc. 

 

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SKRR Exploration Announces Mutual Termination of Share Exchange Agreement with Citizen Mining Corp.

SKRR Exploration Announces Mutual Termination of Share Exchange Agreement with Citizen Mining Corp.

 
 

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces that further to its May 1, 2024 news release, the Company and Citizen Mining Corp. have mutually terminated the arm's length share exchange agreement dated May 1, 2024 .

 
 

  SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.) 

 

The Company's shares will resume trading effective at market open on Tuesday, June 4, 2024.

 
About SKRR Exploration Inc.
 

SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious, and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

 

ON BEHALF OF THE BOARD
 

Sherman Dahl
President & CEO
Tel: 250-558-8340

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
Forward-Looking Information
 

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedarplus.ca. There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and authorizations, decrease in the price of gold, copper, uranium and other metals, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 

SOURCE SKRR Exploration Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/30/c3525.html  

 
 

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SKRR Exploration Enters into Share Exchange Agreement with Citizen Mining to Acquire the Bishop Lake Property in Saskatchewan

SKRR Exploration Enters into Share Exchange Agreement with Citizen Mining to Acquire the Bishop Lake Property in Saskatchewan

 
 

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that it has entered into an arm's length share exchange agreement (the " Agreement ") with Citizen Mining Corp. (" Citizen ") and each of the shareholders of Citizen (the " Vendors ") dated May 1, 2024 pursuant to which the Company will acquire (the " Acquisition ") all of the issued and outstanding shares of Citizen (the " Citizen Shares "), a private British Columbia incorporated company, that holds an option (the " Option ") to acquire a one hundred percent (100%) interest in and to eleven (11) mineral claims in Saskatchewan known as the Bishop Lake Uranium Property (the " Property "). The Property is located in Saskatchewan, Canada . Citizen holds the Option pursuant to a property sale agreement (the " Sale Agreement ") with Doctors Investment Group Ltd. (the " Seller ") dated April 14, 2024 a private British Columbia incorporated company that is the legal, beneficial and registered holder of the mineral claims comprising the Property.

 

 

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SKRR Exploration Inc. Closes First Tranche of Private Placement

SKRR Exploration Inc. Closes First Tranche of Private Placement

 
 

  Not for distribution to United States Newswire Services or for dissemination in the United States   

 

 SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that it has closed the first tranche (the " First Tranche ") of its previously announced private placement (the " Private Placement ") (see news release dated March 4, 2024 ), consisting of 1,800,000 units (" Units ") at price of $0.10 per Unit and 583,332 critical mineral exploration tax credit (" CMETC ") flow-through units (" FT Units ") at a price of $0.12 per FT Unit, for aggregate gross proceeds of $250,000 . Each Unit is comprised of one common share (a " Share ") and one transferable common share purchase warrant (a " Warrant "). Each FT Unit consists of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act ( Canada ) (a " FT Share ") and one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a price of $0.15 at any time on or before the date which is 36 months following the closing date of the First Tranche.

 

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SKRR Exploration Inc. Announces Clarification on Prior Agreement with Red Cloud

SKRR Exploration Inc. Announces Clarification on Prior Agreement with Red Cloud

 
 

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces a previous engagement of Red Cloud Financial Services Inc. (" Red Cloud ") for certain capital market advisory services pursuant to an advisory agreement dated December 8, 2021 (the " Agreement ") was not accepted by the TSX Venture Exchange (the " Exchange ") as it did not fully comply with Exchange policies.

 
 

  SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.) 

 

  Red Cloud assisted in overall marketing of the Company. Certain of the services enumerated in the Agreement constituted promotional activity within the scope of Policy 3.4 of the Exchange. The Agreement was for an initial term of twelve months and automatically renewed on a month-to-month basis until terminated by either party on thirty days' prior written notice. The Agreement was formally terminated in June 2023 . Under the engagement, Red Cloud was paid an initial fee of $150,000 for the initial twelve-month period and $10,000 per month thereafter. Red Cloud is arm's length to the Company.

 

 

SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan – one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

 

  ON BEHALF OF THE BOARD  

 

  Sherman Dahl  
President & CEO
Tel: 250-558-8340

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
  Forward-Looking Information  
 

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Agreement, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, decrease in the price of gold, copper, nickel, uranium and other metals, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 

SOURCE SKRR Exploration Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/21/c5246.html  

 
 

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Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23 rd and 24 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

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Nuvau's Gold-Focused Exploration Program Underway at Matagami

Nuvau's Gold-Focused Exploration Program Underway at Matagami

Visible gold found in first holeassays are pending

Nuvau Minerals Inc. (TSXV: NMC) has launched its gold-focused exploration program at its Matagami Property where the first hole drilled intersected what appears to be an orogenic lode gold system close to the Bracemac McLeod Mine in Matagami. Assays are pending after Nuvau intersected visible gold in a structure intersected in the first hole.

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Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu

Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu

 

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

 

 Osisko Metals Chief Executive Officer Robert Wares commented: " These new results underscore the overall large-scale potential of mineralization at Gaspé Copper, with drill hole 1082 cutting 853 metres of continuous mineralization, including the bottom 424 metres being located immediately below and outside the 2024 MRE model. Furthermore, drill hole 1088 intersected new mineralization 80 metres southwest of the 2024 MRE model, emphasizing the excellent potential for increasing the size of the known deposit at depth and to the south. "

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Group Eleven Announces C$5M Bought Deal Private Placement

Group Eleven Announces C$5M Bought Deal Private Placement

 
 

  /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES . NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES /  

 

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FRA: 3GE) (" Group Eleven " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the " Underwriters ") in connection with a "bought deal" private placement for aggregate gross proceeds of C$5 million (the " Offering ").

 

 

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Bold Ventures Reports Positive Results of MMI Soil Survey on Its Burchell Property

Bold Ventures Reports Positive Results of MMI Soil Survey on Its Burchell Property

 

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to report that the Company has received the results of a Mobile Metal Ion (MMITM) soil survey carried out in the northwest corner of its Burchell Gold and Copper Property during the first phase of summer 2025 field work. The survey was designed to infill and extend soil lines from November 2024 (see January 17, 2025 news release), testing the strike extension of the Moss Trend on the adjacent Moss Gold Property of Goldshore Resources Inc. (GSHR) to the west. The Moss Trend hosts the Moss Gold Deposit with an Indicated resource of 1.23 Moz gold at 1.22 gt and an Inferred resource of 4.92 Moz gold at 1.09 gt (see GSHR website), located within 5km of the west boundary of Bold's property.

 

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Domestic Metals Begins Trading on OTCQB

Domestic Metals Begins Trading on OTCQB

 

TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) announces that its common shares have started trading on the OTCQB marketplace, a U.S. marketplace operated by OTC Markets Group Inc., as of the opening of markets today. Domestic was previously trading on the OTCID marketplace and will retain its trading symbol of DMCUF on the OTCQB. The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol DMCU and on the Frankfurt Stock Exchange under the symbol 03E.

 

The OTCQB Venture Market provides an established platform for early-stage and growth companies to enhance their visibility in the U.S. market. Companies listed on OTCQB must meet rigorous reporting standards, undergo annual verification, and comply with management certification requirements, providing investors with a trusted market for trading. Real-time quotes and market information on Domestic can be found at www.otcmarkets.com .

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