Sitka Gold Corp Announces $3 Million Private Placement

Vancouver, BC / ACCESSWIRE / July 23, 2024 - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has declared its intent to execute a non-brokered private placement aiming to raise up to $3 million in gross proceeds. The offering consists of flow-through units (FT Units) priced at $0.22 per unit and charity flow-through units (Charity FT Units) at $0.25 per unit.

Each FT Unit includes one common share and half a common share purchase warrant, while each Charity FT Unit follows the same structure. Warrants entitle holders to buy one non-flow-through common share at $0.38 within 24 months from the closing date. Proceeds from this offering will fund exploration and development of Sitka's RC Gold Project in Yukon and Coppermine River project in Nunavut.

The securities issued will be subject to a four-month hold period and require regulatory approval from the TSX Venture Exchange. The offering is not open for sale within the United States without proper registration or exemptions.