Published on 6/27/2008 in the Prospect News PIPE Daily.
New Issue: Skye Resources pockets C$95.22 million from private placement of shares
By Devika Patel
Knoxville, Tenn., June 27 - Skye Resources Inc. said it took in C$95.22 million in a private placement of stock. The deal priced June 23.
The company sold 12,679,266 common shares at C$7.51 per share to HudBay Minerals Inc.
Proceeds will be used to ramp up the full engineering, procurement and construction activities at the Fenix Project.
Based in Vancouver, B.C., Skye is a mineral exploration company.
| Issuer: | Skye Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$95,221,287.66
|
| Shares: | 12,679,266
|
| Price: | C$7.51
|
| Warrants: | No
|
| Investor: | HudBay Minerals Inc.
|
| Pricing date: | June 23
|
| Settlement date: | June 27
|
| Stock symbol: | Toronto: SKR
|
| Stock price: | C$8.69 at close June 23
|
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