Sky Gold Corp. Announces Extension for Private Placement Financing

VANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has received a 30-day extension from the TSX Venture Exchange to close its ongoing non-brokered private placement. This follows previous announcements made between May and July 2024.

The Company has raised $366,400 thus far through two tranches. These tranches involved the issuance of 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, allowing the purchase of an additional share at $0.07 within 36 months. Each FT Unit includes one common flow-through share and one transferrable non-flow-through warrant, permitting the purchase of an additional share at $0.10 within 24 months.

All issued securities are subject to a 4-month-plus-one-day hold period. The TSX Venture Exchange has conditionally approved the financing, pending final approval.