VANCOUVER, BC, March 16, 2015 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH) (OTCBB:SYHBF) (Frankfurt:SC1N) ("the Company") is pleased to announce the addition of Mr. Tamás Bakacs, MBA, as a member of the Company's Advisory Board.
Mr. Bakacs is an experienced and successful global resource fund manager who started his career in mergers and acquisitions at Arthur Andersen LLP. Following the completion of his MBA studies in 2004, Mr. Bakacs joined Baillie Gifford & Co. in Edinburgh, United Kingdom, where he became the global equities analyst for the firm's flagship Long-Term Global Growth portfolio (Funds Under Management, "FUM", of $14 billion) covering mid- to large-cap equities in various markets and indexes. Subsequently, he was chosen to be the head of the firm's specialist Oil and Gas Energy sector group (FUM of $15 billion). Recently, Mr. Bakacs was an investment manager and senior analyst at Compass Asset Management JSC in Almaty, Kazakhstan (FUM of $250 million), a frontier emerging-markets-based hedge fund focusing on commodity-linked equity investments. Mr. Bakacs is currently a portfolio manager at ACCESS Fund Management Ltd., where he manages a junior-mining-focused commodity equity fund in Budapest, Hungary. Mr. Bakacs is a graduate of St. Francis College (BS, Accounting, 1999, Summa Cum Laude) and the University of California, Los Angeles (MBA, 2004).
Jordan Trimble, President and CEO of Skyharbour Resources, stated: "We are honoured to have Tamás Bakacs join our Advisory Board as he is a highly respected fund manager with a focused expertise on resource investing and portfolio management. He is very well connected in the financial industry bringing valuable relationships, access to capital, and an enhanced European market presence to the Company. Tamás joins us at an important stage of Skyharbour's growth with the upcoming drill program at the Falcon Point property and illustrates our commitment to building a preeminent uranium company with a strong and diversified management and advisory team."
The Company also announces that is has granted its directors, officers, employees and consultants an aggregate of two million stock options under the Company's 10% rolling stock option plan approved by shareholders at the Annual General Meeting held on September 9, 2014. The options will be exercisable for a period of five years at a price of $0.075 per share. These options are subject to a four-month hold period and are subject to TSX Venture Exchange approval.
About Skyharbour Resources Ltd.:
Skyharbour holds interest in an extensive portfolio of uranium and thorium exploration projects covering over 350,000 hectares in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with four drill-ready projects. The Company is the operator of the Western Athabasca Syndicate which controls a large, geologically prospective land package consisting of five properties in the Athabasca Basin of Saskatchewan. Skyharbour also owns a 100% interest in the Falcon Point (formerly Way Lake) Uranium Project on the east side of the Basin. The Company owns a 60% interest in the Mann Lake Uranium project on the east side of the Basin strategically located adjacent to the Mann Lake Joint Venture operated by Cameco with partners Denison Mines and AREVA where high-grade, basement-hosted uranium mineralization was recently discovered. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company's website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
President and CEO
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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 or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
TSX-V Trading Symbol: SYH
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
Source:Skyharbour Resources Ltd.