SKRR Exploration Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to $800,000 consisting of any combination of units of the company at a price of 5.5 cents per unit and flow-through units of the company at a price of six cents per FT unit.
Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). 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 Income Tax Act (Canada) (each, a "FT Share") and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.08 for a period of 24 months following the closing of the Private Placement.
SKRR Exploration Inc. has received TSX Venture Exchange approval of the previously announced share purchase agreement to acquire all of the issued and outstanding shares of 1364991 B.C. Ltd., an arm's-length private British Columbia company that holds an undivided 100-per-cent interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks.
SKRR's 100-per-cent-owned Nickel Peak claims span 3,874.5 acres (1,568 hectares) and are approximately 110 kilometres northwest of Fort St. James, B.C., in the Omineca mining district. Metallic mineralization includes nickel, cobalt and chromium with the documented presence of awaruite. Assays by Acme Analytical Laboratories Ltd. in 2005 returned up to 1,826 parts per million (ppm), 1,734 ppm nickel with 1,113 ppm chromium. The good to date of the Nickel Peak claims is Oct. 20, 2022.
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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