Sitka Announces $3 Million Private Placement Financing
Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) has announced a non-brokered private placement to raise up to $3 million. The offering includes two types of units: Flow-Through Units (FT Units) at $0.22 each and Charity Flow-Through Units (Charity FT Units) at $0.25 each. Both unit types consist of one flow-through share and half a warrant. Each full warrant allows the purchase of one non-flow-through common share at $0.38 within 24 months of closing.
The funds raised will be used for exploration and development of Sitka's RC Gold Project in Yukon and Coppermine River project in Nunavut. The offering is subject to regulatory approval, including TSX Venture Exchange approval, and securities will have a four-month hold period.
La Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) ha annunciato un collocamento privato non mediato per raccogliere fino a 3 milioni di dollari. L'offerta include due tipi di unità: Flow-Through Units (FT Units) a 0,22 dollari ciascuna e Charity Flow-Through Units (Charity FT Units) a 0,25 dollari ciascuna. Entrambi i tipi di unità consistono in una azione flow-through e metà di un warrant. Ogni warrant completo consente l'acquisto di una azione comune non flow-through a 0,38 dollari entro 24 mesi dalla chiusura.
I fondi raccolti saranno utilizzati per l'esplorazione e lo sviluppo del RC Gold Project in Yukon e del progetto Coppermine River in Nunavut. L'offerta è soggetta all'approvazione regolamentare, compresa l'approvazione della TSX Venture Exchange, e i titoli saranno soggetti a un periodo di blocco di quattro mesi.
La Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) ha anunciado un colocación privada no mediada para recaudar hasta 3 millones de dólares. La oferta incluye dos tipos de unidades: Flow-Through Units (FT Units) a 0,22 dólares cada una y Charity Flow-Through Units (Charity FT Units) a 0,25 dólares cada una. Ambos tipos de unidades consisten en una acción flow-through y medio warrant. Cada warrant completo permite la compra de una acción común no flow-through a 0,38 dólares dentro de 24 meses del cierre.
Los fondos recaudados se utilizarán para la exploración y desarrollo del RC Gold Project en Yukon y del proyecto Coppermine River en Nunavut. La oferta está sujeta a la aprobación regulatoria, incluida la aprobación de la Bolsa de Valores de TSX Venture, y los valores tendrán un período de bloqueo de cuatro meses.
시트카 골드 주식회사 (TSXV:SIG, FSE:1RF, OTCQB:SITKF)는 최대 300만 달러를 조달하기 위한 중개 없는 사모 배정을 발표했습니다. 이번 공모는 플로우스루 유닛 (FT Units)이 각 0.22달러와 자선 플로우스루 유닛 (Charity FT Units)이 각 0.25달러로 두 가지 유형의 유닛으로 구성됩니다. 두 유형 모두 하나의 플로우 스루 주식과 반쪽의 워런트로 구성되어 있습니다. 각 전체 워런트는 24개월 내에 0.38달러에 비플로우스루 보통주를 구매할 수 있게 합니다.
La Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) a annoncé un placement privé non intermédiaire pour lever jusqu'à 3 millions de dollars. L'offre comprend deux types d'unités : Flow-Through Units (FT Units) à 0,22 dollars chacune et Charity Flow-Through Units (Charity FT Units) à 0,25 dollars chacune. Les deux types d'unités comprennent une action flow-through et la moitié d'un warrant. Chaque warrant complet permet l'achat d'une action ordinaire non flow-through à 0,38 dollars dans les 24 mois suivant la clôture.
Les fonds levés seront utilisés pour l'exploration et le développement du RC Gold Project dans le Yukon et du projet de la rivière Coppermine au Nunavut. L'offre est soumise à l'approbation réglementaire, y compris l'approbation de la TSX Venture Exchange, et les valeurs mobilières auront un délai de retenue de quatre mois.
Die Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 3 Millionen US-Dollar zu sammeln. Das Angebot umfasst zwei Arten von Einheiten: Flow-Through Units (FT Units) zu je 0,22 US-Dollar und Charity Flow-Through Units (Charity FT Units) zu je 0,25 US-Dollar. Beide Einheitstypen bestehen aus einer Flow-Through-Aktie und einem halben Warrant. Jeder vollständige Warrant ermöglicht den Kauf einer nicht Flow-Through Stammaktie zu 0,38 US-Dollar innerhalb von 24 Monaten nach Abschluss.
Die gesammelten Mittel werden für die Erforschung und Entwicklung des RC Gold Projects in Yukon und des Coppermine River-Projekts in Nunavut verwendet. Das Angebot unterliegt der Genehmigung durch die Aufsichtsbehörden, einschließlich der Genehmigung der TSX Venture Exchange, und die Wertpapiere unterliegen einer viermonatigen Haltefrist.
- Potential to raise up to $3 million in capital
- Funds earmarked for exploration and development of key projects
- Offering structure includes flow-through shares, potentially attractive for tax purposes
- Potential dilution of existing shareholders due to new share issuance
- Warrants could lead to further dilution if exercised
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / July 23, 2024 / Sitka Gold Corp. ("Sitka" or the "Company") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) announces that the Company intends to complete a non-brokered private placement to raise total gross proceeds of up to
Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share ") and one half (½) of one common share purchase warrant (each whole warrant, a " Warrant "). Each Charity FT Unit will be issued as part of a charity arrangement and will consist of one FT Share and one half (½) of one Warrant. Each Warrant will entitle the holder to purchase one non-flow-through common share of the Company (each, a " Warrant Share ") at a price of
The gross proceeds received from the sale of securities under the Offering is expected to be used for exploration and development programs on the Company's flagship RC Gold Project in the Yukon Territory and the Coppermine River project in Nunavut.
All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently exploring its flagship RC Gold Project within the Tombstone Gold Belt in the Yukon Territory with a 15,000 metre diamond drill program planned for 2024. The company is also advancing the Alpha Gold Project in Nevada and currently has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
" Donald Penner "
President and Director
For more information contact:
Donald Penner
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the ability of the Company to complete the Offering on the proposed terms or at all, the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering.
Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering, risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
SOURCE: Sitka Gold Corp
View the original press release on accesswire.com
FAQ
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