Vancouver, British Columbia / May 29th, 2018 / JMN Wire / Sitka Gold Corp. (CSE: SIG) (the “Company” or “Sitka”) intends to complete a private placement of up to 2.4 million units (the “Units”) at a price of $0.25 per unit for gross proceeds of up to $600,000 (the “Offering”). 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 $0.40 for a period of 2 years from the date of closing of the private placement.
This private placement is being offered on a non-brokered basis in the Provinces of Alberta, Yukon, British Columbia, Ontario and such other jurisdictions as the Company may determine in its sole discretion and the Units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The Company may pay a finder’s fee in accordance with the rules and policies of the Canadian Securities Exchange. The Offering remains subject to regulatory approval.
Net proceeds of the Offering will be applied toward the advancement of the Company’s Nevada mineral properties and for general working capital purposes.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry professionals. The Company is focused on exploring for economically viable mineral deposits with its primary emphasis on gold and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe gold property in Nevada and owns a 100% interest in its Coppermine River project in Nunavut and the Alpha Gold property in Nevada. The Company is currently drilling its Adobe Gold Property with funds raised from its recent Initial Public Offering that was fully subscribed for $1.2M.
