Mr. Wenhong Jin reports
WILDSKY RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT
Wildsky Resources Inc. has arranged a non-brokered private placement of up to 15 million units at a price of 10 cents per unit for aggregate gross proceeds of up to $1.5-million. Each unit comprises one common share and one-half of one common share purchase warrant of the company. Each whole warrant is exercisable into one additional common share of the company at an exercise price of 15 cents per share for a period of three years from the date of issuance.
The proceeds of the offering will be used for project evaluation, corporate expenses and working capital. Closing of the offering is subject to approval by the TSX Venture Exchange. The securities to be issued under the offering will have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws.
About Wildsky Resources Inc.
Wildsky Resources is a Canadian-based exploration and development company with an office located in Vancouver, B.C. The company's goal is to create value for shareholders through continuously exploring and developing its current properties in Nigeria, and at the same time looking for new properties to acquire through its international connections.
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