SYHBF - Skyharbour signs option agreement with Tisdale Clean Energy for stake acquisition

• Skyharbour Resources ( OTCQX:SYHBF ) entered into an option agreement with Tisdale Clean Energy, which enables the latter to acquire an initial 51% interest and up to a 75% interest in the South Falcon East Property.
• The property, consisting of mineral claims totaling 12,464 hectares, is located in the Athabasca Basin in Northern Saskatchewan.
• Assuming that 75% interest is earned, Tisdale will issue Skyharbour 1.1M shares upfront, fund exploration expenditures totaling CAD 10.5M and pay CAD 11.1M in cash.
• The $6.5M of the cash amount can be settled for shares in the capital of Tisdale over a five-year earn-in period.
• Source: Press Release

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