Business
SKRR EXPLORATION INC. ANNOUNCES PRIVATE PLACEMENT FINANCING
SKRR EXPLORATION INC. ANNOUNCES PRIVATE PLACEMENT FINANCING Canada NewsWire /...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n \n \n \n SKRR EXPLORATION INC. ANNOUNCES PRIVATE PLACEMENT FINANCING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 4, 2024\n \n \n /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC: SKKRF) (FSE: B04Q) (\"\n \n SKRR\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce that it intends to complete a non-brokered private placement (the \"\n \n Private Placement\n \n \") for aggregate gross proceeds of up to\n \n $1,500,000\n \n consisting of any combination of units of the Company at a price of\n \n $0.10\n \n per Unit (the \"\n \n Unit\n \n \") and 'flow-through' units of the Company (each, a \"\n \n FT\n \n \n Unit\n \n \") at a price of\n \n $0.12\n \n per FT Unit.\n \n \n \n \n \n \n \n \n \n \n Sherman Dahl\n \n , CEO of SKRR comments:\n \n \n \n \"We look forward to closing this private placement financing and beginning the exploration work with F3\n \n \n Uranium\n \n \n Corp. on the Clearwater West uranium property in the\n \n Athabasca\n \n \n \n basin.\"\n \n \n \n Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a \"\n \n Warrant\n \n \"). Each FT Unit will consist of one common share of the Company to be issued as a Critical Mineral Exploration Tax Credit \"flow-through share\" within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (each, a \"\n \n FT\n \n \n Share\n \n \") and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of\n \n $0.15\n \n for a period of three (3) following the closing of the Private Placement.\n \n \n The Company intends to use the proceeds from the sale of the FT Shares towards exploration work (including drilling) on t...