VANCOUVER, BC, March 21,
2024 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE:
B04Q) ("SKRR" or the "Company") announces a previous
engagement of Red Cloud Financial Services Inc. ("Red Cloud") for certain capital market
advisory services pursuant to an advisory agreement dated
December 8, 2021 (the
"Agreement") was not accepted by the TSX Venture Exchange
(the "Exchange") as it did not fully comply with Exchange
policies.
Red Cloud assisted in overall
marketing of the Company. Certain of the services enumerated in the
Agreement constituted promotional activity within the scope of
Policy 3.4 of the Exchange. The Agreement was for an initial term
of twelve months and automatically renewed on a month-to-month
basis until terminated by either party on thirty days' prior
written notice. The Agreement was formally terminated in
June 2023. Under the engagement,
Red Cloud was paid an initial fee of
$150,000 for the initial twelve-month
period and $10,000 per month
thereafter. Red Cloud is arm's
length to the Company.
About SKRR Exploration
Inc.
SKRR is a Canadian-based precious and base metal explorer with
properties in Saskatchewan – one
of the world's highest ranked mining jurisdictions. The primary
exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium,
precious and base metal deposits. The Trans-Hudson Orogen –
although extremely well known in geological terms has been
significantly under-explored in Saskatchewan. SKRR is committed to all
stakeholders including shareholders, all its partners and the
environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
Neither the 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.
Forward-Looking
Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, statements relating to the
Agreement, and other statements relating to the technical,
financial and business prospects of the Company, its projects and
other matters. All statements in this news release, other than
statements of historical facts, that address events or developments
that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future,
including the price of metals, the ability to achieve its goals,
the ability to secure equipment and personnel to carry out work
programs, that general business and economic conditions will not
change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such
forward-looking information reflects the Company's views with
respect to future events and is subject to risks, uncertainties and
assumptions, including the risks and uncertainties relating to the
interpretation of exploration results, risks related to the
inherent uncertainty of exploration and cost estimates and the
potential for unexpected costs and expenses and those other risks
filed under the Company's profile on SEDAR at www.sedarplus.ca.
There is a possibility that future exploration, development or
mining results will not be consistent with the Company's
expectations. Factors that could cause actual results to differ
materially from those in forward looking statements include, but
are not limited to, continued availability of capital and financing
and general economic, market or business conditions, failure to
secure personnel and equipment for work programs, adverse weather
and climate conditions, failure to maintain all necessary
government permits, approvals and authorizations, the impact of
Covid-19 or other viruses and diseases on the Company's ability to
operate, decrease in the price of gold, copper, nickel, uranium and
other metals, failure to maintain community acceptance (including
First Nations), increase in costs, litigation, and failure of
counterparties to perform their contractual obligations. The
Company does not undertake to update forward–looking statements or
forward–looking information, except as required by law.
SOURCE SKRR EXPLORATION INC.