Sky Gold Closes Second Tranche of Financing

VANCOUVER, BC / ACCESSWIRE / June 26, 2024 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has completed the second tranche of its non-brokered private placement. This tranche raised gross proceeds of $36,400, involving the issuance of 520,000 flow-through units at $0.07 per unit.

Each unit consists of one common flow-through share and one transferrable non-flow-through share purchase warrant. These warrants enable the holder to purchase an additional share at $0.10 within 24 months from the closing date.

For this tranche, Sky Gold Corp. paid finders' fees of $1,680 and issued 24,000 non-transferable share purchase warrants to Sherbrooke Street Capital (SSC) Inc. These warrants allow the holder to buy a share at $0.10 within 12 months from the closing date. All issued securities have a hold period until October 27, 2024.

The financing, conditionally approved by the TSX Venture Exchange, awaits final approval. Proceeds will support exploration activities and general administrative purposes.