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SKRR Exploration Inc. Announces Private Placement of up to C$1.0 Million
SKRR Exploration Inc. Announces Private Placement of up to C$1.0 Million Canada...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n \n \n \n SKRR Exploration Inc. Announces Private Placement of up to C$1.0 Million\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.prntac{\nTEXT-ALIGN: CENTER\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 VANCOUVER, BC\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink: KKRF) (FSE: B04Q) (\"\n \n SKRR\n \n \" or the \"\n \n Company\n \n \") is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") for gross proceeds of up to\n \n C$1,000,000\n \n from the sale of any combination of units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n C$0.085\n \n per Unit and flow-through units of the Company (each, a \"\n \n FT Unit\n \n \") at a price of\n \n C$0.10\n \n per FT Unit.\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share of the Company (each, a \"\n \n Unit Share\n \n \") and one half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each FT Unit will consist of one common share of the Company to be issued as a \"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 Share\n \n \") and one half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n C$0.14\n \n for a period of 24 months following the closing date of the Offering.\n \n \n The Company intends to use the proceeds of the Offering for the exploration of the Company's projects in\n \n Saskatchewan\n \n and for general working capital purposes. The gross proceeds from the issuance of the FT Shares will be used for \"Canadian Exploration Expenses\" (within the meaning of the Income Tax Act (\n \n Canada\n \n )) (the \"\n \n Qualifying Expenditures\n \n \"), which will be renounced with an effective date no later than\n \n December 31, 2021\n \n to the purchasers of...