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SKRR Exploration Inc. Announces Private Placement of up to C$1,000,000 Million and Concurrent Share Consolidation
SKRR Exploration Inc. Announces Private Placement of up to C$1,000,000 Million and Concurrent Sha...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n \n \n \n SKRR Exploration Inc. Announces Private Placement of up to C$1,000,000 Million and Concurrent Share Consolidation\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 \n VANCOUVER, BC\n \n \n ,\n \n \n June 6, 2023\n \n \n /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (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 and its intention to complete a consolidation of the issued and outstanding common shares immediately prior to the closing of the Offering on the basis of five (5) existing common shares for one (1) post consolidation common share (the \"\n \n Consolidation\n \n \"). The Offering will be comprised of the sale of any combination of the following:\n \n \n \n \n \n \n \n \n \n \n units of the Company (each, a \"\n \n Unit\n \n \") at a pre-Consolidation price of\n \n C$0.04\n \n per Unit and a post-Consolidation price of\n \n C$0.20\n \n per Unit; and\n \n \n flow-through units of the Company (each, a \"\n \n FT Unit\n \n \", and together with the Units, the \"\n \n Offered Securities\n \n \") at a pre-Consolidation price of\n \n C$0.05\n \n per FT Unit and a post-Consolidation price of\n \n C$0.25\n \n per FT Unit.\n \n \n \n \n Red Cloud Securities Inc. will be acting as a finder for the Company under the Offering.\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 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 \"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 Warrant. Each Warrant will entitle the holder thereof to purchase one common share o...