saidJuly 14 that it will increase its previously announced private placement, now to raiseabout C$2.3 million from the initially targeted proceeds of C$2 million, due tostrong investor interest.
The revisedoffering will comprise up to 15 million units, on a post-consolidation basis,at 15 Canadian cents apiece. Each unit will consist of 1 common share and 1 non-transferablewarrant, exercisable for 1 post-consolidation common share at 27 cents for afive-year period.
Skyharbourplans to use the proceeds for exploration and general working capital.
Theplacement remains subject to TSX Venture Exchange approval.