on Sky Gold Corp. (isin : CA83085J2011)
Sky Gold Corp. Announces Amendments to Property Option Agreements
Sky Gold Corp. has officially declared changes to the property option agreements related to the acquisition of 100% interest in the Horne property and the Laurie property. These properties are adjacent to the Eureka Gold Zone, located west of Thunder Bay, Ontario. These amendments include an issuance of 2,300,000 common shares to vendors and a decrease in cash obligations from $450,000 to $400,000. Additionally, exploration expenditures have been adjusted to $500,000, with some financial commitments postponed to later years.
The modifications are designed to streamline financial and operational commitments while maintaining the integrity of the acquisition agreements. All shares issued as a part of these adjustments will be held under a four-month restriction from the date of issuance. These proposed changes remain contingent upon approval from the TSX Venture Exchange.
R. E.
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