/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Feb. 22, 2016 /CNW/ - Sky Ridge Resources Ltd. (TSXV: SYR.H) (the "Company") announces a non-brokered private placement of up to 1,600,000 units at a price of $0.125 per unit for gross proceeds of up to $200,000.
Each unit will consist of one common share and one full common share purchase warrant. Each whole common share purchase warrant will be exercisable at $0.20 per common share for a period of one year from closing.
Proceeds will be used for general working capital and for continuing to research opportunities in the natural resources sector.
ON BEHALF OF THE BOARD OF DIRECTORS OF SKY RIDGE RESOURCES LTD.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
SOURCE Sky Ridge Resources Ltd.
For further information: Jeff Durno, Director, Tel: (604) 609-6110