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Skyharbour Resources undertakes 1-for-4 share consolidation

Skyharbour Resources Ltd.said July 19 that it has consolidated its outstanding share capital on the basisof 1 post-consolidation share for 4 pre-consolidation shares.

The consolidation will slash the company's outstanding shares to 22,260,890common shares and will not entail a new company name and a change in trading symbol.

Skyharbour's shares will start trading on the TSX Venture Exchange, on apost-consolidation basis, on July 20.

The company recently securedan option to acquire DenisonMines Corp.'s 35,705-hectare Moore Lake uranium project in Saskatchewan.