Dec 9 (Reuters) - Skyharbour Resources Ltd SYH.V :
* SKYHARBOUR SIGNS DEFINITIVE AGREEMENT WITH PITCHBLENDE ENERGY AND VALOR RESOURCES TO OPTION 80% OF THE NORTH FALCON POINT URANIUM PROPERTY
* SKYHARBOUR RESOURCES LTD - PITCHBLENDE WILL CONTRIBUTE CASH AND EXPLORATION EXPENDITURE CONSIDERATION TOTALING CAD $3,975,000 OVER A THREE-YEAR PERIOD
* SKYHARBOUR RESOURCES LTD - OF PROJECT CONSIDERATION, $475,000 WILL BE IN CASH PAYMENTS TO SKYHARBOUR AS WELL AS $3.5 MILLION IN EXPLORATION EXPENDITURES
* SKYHARBOUR RESOURCES LTD - VALOR WILL ALSO ISSUE A TOTAL OF 233.3 MILLION SHARES UPFRONT