TSXV: SYR.H
VANCOUVER, Feb. 29, 2016 /CNW/ - Sky Ridge Resources Ltd.
(the "Company") (TSXV: SYR.H) announces that further to its
news release dated February 22, 2016,
it has closed its non-brokered private placement on February 26, 2016 consisting of 1,600,000 units
(the "Units") at a price of $0.125 per Unit for gross proceeds of
$200,000 (the "Private
Placement"). Each Unit consists of one common share in the
capital of the Company (a "Common Share") and one common
share purchase warrant (a "Warrant"). Each Warrant is
exercisable into one Common Share at an exercise price of
$0.20 until February 26, 2017. The securities issued in
connection with the Private Placement are subject to a hold period
of four months and a day expiring on June
27, 2016. 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.