Friday, September 12, 2025

Latest

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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

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

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Treasury Metals Intersects 0.89 g/t Gold Over 58.0 Metres

Treasury Metals Inc. (TSX: TML) today released the results from an additional 2,700 metres of...

Wednesday, June 16, 2021, 09:33:00 AM

McLaren Resources Closes Financing For Gross Proceeds Of $587,000

McLaren Resources (CSE: MCL) last night announced that it closed a private placement, raising gross...

Tuesday, July 14, 2020, 08:00:00 AM

Freeman Reports Multiple Instances Of Visible Gold In Drill Cores

Freeman Gold Corp (CSE: FMAN) has hit visible gold in Idaho. The company provided a...

Thursday, October 29, 2020, 08:46:11 AM

Great Bear Sees 97% Gold Recovery At Dixie Limb In Metallurgical Tests

Great Bear Resources (TSXV: GBR) this morning released metallurgical test results from its Dixie Limb...

Wednesday, January 27, 2021, 08:02:40 AM

Trillium Gold Mines Closes $13.0 Million Financing

Trillium Gold Mines (TSXV: TGM) has closed its previously announced private placement for gross proceeds...

Monday, October 5, 2020, 08:44:31 AM