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Published on 6/12/2007 in the Prospect News PIPE Daily.

New Issue: Fair Sky Resources closes placement of shares for C$3.48 million

By Laura Lutz

Des Moines, June 12 - Fair Sky Resources Inc. closed a downsized private placement of shares for C$3,482,745.

The company sold 1,698,900 flow-through shares at C$2.05 each.

The placement priced on April 11 as a C$5.125 million offering of up to 2.5 million flow-through shares.

Proceeds of the non-brokered placement will be used for exploration on the company's properties.

Fair Sky is a resource exploration company based in Calgary, Alta.

Issuer:Fair Sky Resources Inc.
Issue:Flow-through shares
Amount:C$3,482,745
Shares:1,698,900
Price:C$2.05
Warrants:No
Agent:Non-brokered
Pricing date:April 11
Settlement date:June 12
Stock symbol:TSX Venture: FSK
Stock price:C$1.60 at close April 11
Stock price:C$1.30 at close June 12

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