Sitka Gold Closes $11.8 Million Financing
Sitka Gold Corp (TSXV: SIG) has successfully closed a combined $11.86 million financing through both brokered and non-brokered private placements. The brokered offering, led by Beacon Securities and other underwriters, raised $10 million through 14,705,882 flow-through shares at $0.68 per share. An additional $1.86 million was raised through a non-brokered offering of 2,738,593 flow-through shares at the same price.
The proceeds will be used for Canadian exploration expenses at the RC Gold Project in Yukon Territory, with all qualifying expenditures to be renounced to subscribers by December 31, 2025. The company paid $600,000 in cash commission and issued 882,352 compensation options to the underwriters for the brokered portion.
Sitka Gold Corp (TSXV: SIG) ha completato con successo un finanziamento combinato di 11,86 milioni di dollari tramite collocamenti privati sia con che senza intermediari. L'offerta con intermediari, guidata da Beacon Securities e altri sottoscrittori, ha raccolto 10 milioni di dollari attraverso 14.705.882 azioni flow-through a 0,68 dollari per azione. Ulteriori 1,86 milioni di dollari sono stati raccolti tramite un'offerta senza intermediari di 2.738.593 azioni flow-through allo stesso prezzo.
I proventi saranno impiegati per spese di esplorazione in Canada presso il progetto RC Gold nel territorio dello Yukon, con tutte le spese qualificate che saranno rinunciate agli abbonati entro il 31 dicembre 2025. La società ha pagato 600.000 dollari in commissioni in contanti e ha emesso 882.352 opzioni di compensazione agli intermediari per la parte con intermediari.
Sitka Gold Corp (TSXV: SIG) ha cerrado con éxito una financiación combinada de 11,86 millones de dólares a través de colocaciones privadas con y sin intermediarios. La oferta con intermediarios, liderada por Beacon Securities y otros suscriptores, recaudó 10 millones de dólares mediante 14.705.882 acciones flow-through a 0,68 dólares por acción. Se recaudaron adicionalmente 1,86 millones de dólares mediante una oferta sin intermediarios de 2.738.593 acciones flow-through al mismo precio.
Los fondos se utilizarán para gastos de exploración en Canadá en el proyecto RC Gold en el territorio de Yukon, y todos los gastos calificables serán renunciados a los suscriptores antes del 31 de diciembre de 2025. La compañía pagó 600.000 dólares en comisión en efectivo y emitió 882.352 opciones de compensación a los intermediarios por la parte con intermediarios.
Sitka Gold Corp (TSXV: SIG)는 중개인과 비중개인 사모를 통해 총 1,186만 달러의 자금 조달을 성공적으로 마감했습니다. Beacon Securities와 기타 인수인들이 주도한 중개인 사모는 주당 0.68달러에 14,705,882개의 플로우스루 주식을 통해 1,000만 달러를 모금했습니다. 추가로 비중개인 사모를 통해 같은 가격에 2,738,593개의 플로우스루 주식을 판매하여 186만 달러를 조달했습니다.
이 자금은 유콘 준주의 RC 골드 프로젝트에서 캐나다 탐사 비용에 사용될 예정이며, 모든 적격 지출은 2025년 12월 31일까지 구독자에게 양도됩니다. 회사는 중개인 사모 부분에 대해 60만 달러의 현금 수수료를 지급하고 882,352개의 보상 옵션을 중개인에게 발행했습니다.
Sitka Gold Corp (TSXV : SIG) a clôturé avec succès un financement combiné de 11,86 millions de dollars par le biais de placements privés avec et sans intermédiaires. L'offre avec intermédiaires, menée par Beacon Securities et d'autres souscripteurs, a permis de lever 10 millions de dollars grâce à 14 705 882 actions flow-through à 0,68 dollar chacune. Un montant supplémentaire de 1,86 million de dollars a été levé via une offre sans intermédiaire de 2 738 593 actions flow-through au même prix.
Les fonds seront utilisés pour les dépenses d'exploration au Canada sur le projet RC Gold dans le territoire du Yukon, toutes les dépenses admissibles devant être renoncées aux souscripteurs d'ici le 31 décembre 2025. La société a versé une commission en espèces de 600 000 dollars et émis 882 352 options de rémunération aux intermédiaires pour la partie avec intermédiaires.
Sitka Gold Corp (TSXV: SIG) hat erfolgreich eine kombinierte Finanzierung in Höhe von 11,86 Millionen US-Dollar durch vermittelte und nicht vermittelte Privatplatzierungen abgeschlossen. Das vermittelte Angebot, angeführt von Beacon Securities und weiteren Zeichnern, brachte 10 Millionen US-Dollar durch 14.705.882 Flow-Through-Aktien zu je 0,68 US-Dollar ein. Weitere 1,86 Millionen US-Dollar wurden durch ein nicht vermitteltes Angebot von 2.738.593 Flow-Through-Aktien zum gleichen Preis aufgebracht.
Die Erlöse werden für kanadische Explorationskosten beim RC Gold-Projekt im Yukon-Territorium verwendet, wobei alle qualifizierten Ausgaben bis zum 31. Dezember 2025 auf die Zeichner übertragen werden. Das Unternehmen zahlte eine Barprovision von 600.000 US-Dollar und gab 882.352 Optionsrechte als Vergütung an die Vermittler für den vermittelten Teil aus.
- Successful raise of $11.86M through flow-through share offerings
- Strong institutional support with syndicate of underwriters
- Funds secured for RC Gold Project exploration program
- Dilution of existing shareholders through new share issuance
- Additional financial obligations through flow-through share commitments
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Sitka Gold Corp. (TSXV: SIG) ("Sitka" or the "Company") is pleased to announce it has closed its previously announced "bought deal" brokered private placement and a non-brokered private placement for aggregate gross proceeds of
The Company will use an amount equal to gross proceeds from the sale of the FT Shares to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's RC Gold Project in the Yukon Territory, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025.
The FT Shares issued under the Brokered Offering were issued on a private placement basis pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), and as such will not be subject to resale restrictions under applicable Canadian securities laws. The FT Shares issued under the Non-Brokered Offering were offered by way of the accredited investor exemptions provided under section 2.3 of NI 45-106 and are subject to a four-month hold period from the closing date of the Non-Brokered Offering under applicable Canadian securities laws.
In connection with the Brokered Offering, the Company (i) paid to the Underwriters a cash commission of
The Brokered Offering and Non-Brokered Offering are each subject to the final approval of the TSX Venture Exchange.
The securities offered pursuant to the Brokered Offering and the Non-Brokered Offering have not been, and will not be, registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over
*For more detailed information on the Company's properties please visit our website at www.sitkagoldcorp.com.
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 release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements about the tax treatment of the FT Shares, the timing to renounce all Qualifying Expenditures in favour of the subscribers, the use of proceeds of the Brokered Offering and the Non-Brokered Offering, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will use the proceeds of the Brokered Offering and Non-Brokered Offering as anticipated; that the Company will receive all necessary approvals in respect of the Brokered Offering and Non-Brokered Offering, market uncertainty, changes to the Company's business plans and exploration targets and the results of the Company's anticipated work programs.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, among other things, that the Company will use the proceeds of the Brokered Offering and Non-Brokered Offering as anticipated; and that the Company will receive the final approval of the TSX Venture Exchange in respect of the Brokered Offering and the Non-Brokered Offering.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248718
FAQ
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