Sky Gold Announces Update on Financing

Vancouver, BC / ACCESSWIRE / July 5, 2024 / Sky Gold Corp. (TSXV:SKYG)(US:SRKZF) provides an update on its ongoing non-brokered private placement. The TSX Venture Exchange has granted the Company a 30-day extension to finalize this financing initiative.

The Company has successfully closed two tranches, raising gross proceeds of $366,400. Sky Gold issued 6,600,000 non-flow-through units (NFT Units) at $0.05 per unit and 520,000 flow-through units (FT Units) at $0.07 per unit.

Each NFT Unit includes one common share and one transferrable share purchase warrant, exercisable at $0.07 per share for 36 months. Each FT Unit comprises one common flow-through share and one transferrable non-flow-through share purchase warrant, exercisable at $0.10 per share for 24 months.

All securities are subject to a statutory hold period of four months plus one day. This financing is conditionally approved by the TSX Venture Exchange, with final approval pending.