SKRR Exploration Announces Flow Through Placement To Fund Olson Drill Program Expansion

SKRR Exploration (TSXV: SKRR) announced last night that it is conducting a private placement for gross proceeds of $1.82 million. The financing is to consist only of common shares, with shares being sold on a flow through basis.

The company expects to raise the gross proceeds via the sale of 6.5 million common shares in the company, conducted at a price of $0.28 per share. No warrant is attached to the offering. The placement is being conducted on a non-brokered basis.

Proceeds from the private placement are to be used for exploration expenses, given the designation as being flow through shares. In particular, funds will be focused on the further exploration of the Olson property, where the company has indicated it wishes to expand the ongoing drill program. Funds will also be put towards “strategic exploration work” at the Irving / Leland project, also located in Saskatchewan.

“As disclosed in our October 14, 2020 news release, the drill program at the Olson property is advancing well, with a total of 7 holes totaling 968m completed to date on 3 separate target areas; Jena/Juba, Point and Tuscan. This offering will allow us to expand the ongoing Olson drill program and fund strategic exploration work on our Irving / Leland Project moving forward.”

Sherman Dahl, chief executive officer

SKRR Exploration last traded at $0.33 on the TSX Venture.


FULL DISCLOSURE: SKRR Exploration is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover SKRR Exploration on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

One Response

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Gold Overtakes Euro As Second Largest Global Reserve Asset, Driven by Central Bank Demand

Gold has surpassed the euro to become the world’s second-largest reserve asset by market value,...

Wednesday, June 11, 2025, 12:57:00 PM

Kirkland Lake: Canaccord Maintains $68 Price Target, Buy Rating

On Wednesday, July 1, during market hours Kirkland Lake Gold (TSX: KL) reissued it’s 2020...

Thursday, July 2, 2020, 12:12:07 PM

Environmental Concerns Could Negatively Impact Bitcoin Price And Miners

In the week ended February 26, Bitcoin posted its worst weekly performance in about a...

Sunday, March 7, 2021, 02:41:00 PM

Gold Mountain Mining: On The Path To Production

Gold Mountain Mining Corp. (TSXV: GMTN) is a Vancouver-based advanced-stage junior gold exploration company that...

Saturday, July 24, 2021, 01:18:00 PM

K2 Gold Expands Stega Target At Mojave Project

K2 Gold Corporation (TSXV: KTO) today reported that the company has succeeded in expanding the...

Monday, June 14, 2021, 10:23:00 AM