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SKRR Exploration Inc. Closes Final Tranche of Private Placement and Announces Appointment of Ross McElroy as Special Advisor
SKRR Exploration Inc. Closes Final Tranche of Private Placement and Announces Appointment of Ross...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n\n\n\n SKRR Exploration Inc. Closes Final Tranche of Private Placement and Announces Appointment of Ross McElroy as Special Advisor\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 THE\n \n\n UNITED\n \n\n STATES/\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 6, 2025\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 that, further to its news release dated  February 20, 2025, the Company has closed the second and final tranche (the \"\n \n Final Tranche\n \n \") of its non-brokered private placement (the \"\n \n Private Placement\n \n \"), consisting of 6,678,227 units (the \"\n \n Units\n \n \") at a price of\n \n CAD$0.11\n \n per Unit for gross proceeds of\n \n CAD$734,605\n \n . The aggregate gross proceeds from both the first tranche and the Final Tranche of the Private Placement total\n \n CAD$1,335,000\n \n . Each Unit is comprised of one common share of the Company (a \"\n \n Share\n \n \") and one transferable Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to purchase one Share at a price of\n \n CAD$0.145\n \n until\n \n March 6, 2027\n \n .\n \n\n\n\n\n\n\n\n\n The Company intends to use the proceeds of the Private Placement towards working capital and corporate overhead, exploration and development activities and a reserve for potential asset acquisition investigations and due diligence.\n \n\n In connection with the closing of the Private Placement, the Company paid cash finder's fees totaling\n \n $50,773\n \n to a certain arm's length brokerage firm on a portion of the Final Tranche. The Shares and any Shares that are issuable upon the exercise of Warrants are subject to a statutory hold period of four months and one day following the closing date of the Private Placement in accordance with applicable Canadian securities laws and the policies of the ...