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Sitka Gold Corp
Symbol SIG
Shares Issued 35,207,319
Close 2020-05-15 C$ 0.115
Recent Sedar Documents

Sitka Gold boosts financing to $810,000

2020-05-15 11:31 ET - News Release

Mr. Donald Penner reports

SITKA GOLD PRIVATE PLACEMENT TO BE INCREASED

Due to strong investor demand, Sitka Gold Corp.'s previously announced non-brokered private placement will be increased from up to $540,000 to up to $810,000. The original offering of up to six million units at a price of nine cents per unit for gross proceeds of up to $540,000 will be increased to up to nine million units at nine cents per unit for gross proceeds of up to $810,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of 14 cents for a period of 24 months from the date of closing of the private placement.

This private placement is being offered on a non-brokered basis and the units will be subject to a statutory hold period of four months and a day from the closing date of the private placement. The company may pay a cash finder's fee of up to 8 per cent of the gross proceeds of the private placement and issue share purchase warrants to qualified finders equivalent to 8 per cent of the number of common shares included in the private placement. Each finder's warrant will entitle the holder to purchase one common share of the company at a purchase price of 14 cents for a period of 12 months after the closing date of the private placement and in accordance with the rules and policies of the Canadian Securities Exchange. The private placement remains subject to regulatory approval.

The company intends to use the net proceeds of the private placement for exploration work on its Arizona, Nevada and Yukon gold properties and for general working capital.

About Sitka Gold Corp.

Sitka Gold is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry professionals.

We seek Safe Harbor.

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