/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR
DISSEMINATION IN THE UNITED
STATES./
VANCOUVER, Feb. 22, 2016 /CNW/ - Sky Ridge Resources
Ltd. (TSXV: SYR.H) (the "Company") announces a
non-brokered private placement of up to 1,600,000 units at a price
of $0.125 per unit for gross proceeds
of up to $200,000.
Each unit will consist of one common share and one full common
share purchase warrant. Each whole common share purchase
warrant will be exercisable at $0.20
per common share for a period of one year from
closing.
Proceeds will be used for general working capital and for
continuing to research opportunities in the natural resources
sector.
ON BEHALF OF THE BOARD OF DIRECTORS OF SKY RIDGE
RESOURCES LTD.
"JEFF DURNO"
DIRECTOR
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This new release may contain forward-looking
statements. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements.
SOURCE Sky Ridge Resources Ltd.