Sky Gold Corp Applies to Extend Warrants

Rhea-AI Summary

Sky Gold Corp (OTC PINK:SRKZF) has applied to the TSX Venture Exchange to extend the expiry of 6,050,000 warrants from December 23, 2021, to December 23, 2023. The exercise price remains at $0.10 per warrant, allowing each warrant to be exchanged for one common share. This amendment is pending approval from the TSX Venture Exchange. The company's CEO, Mike England, signed off on the announcement.

Positive

• Extension of warrants provides investors more time to exercise their options.
• Warrants retain an attractive exercise price of $0.10.

Negative

• The need for an extension may indicate lower current investor confidence.

VANCOUVER, BC / ACCESSWIRE / December 20, 2021 /Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ("Sky Gold" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

• 6,050,000 warrants that are set to expire on December 23, 2021 to be extended to December 23, 2023.

The exercise price of the warrants will remain at $0.10. Each whole warrant, when exercised, will be exchangeable for one common share of the Company.

The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Tel. 1-604-683-3995
Toll Free. 1-888-845-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sky Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/678711/Sky-Gold-Corp-Applies-to-Extend-Warrants

FAQ

What is the significance of Sky Gold Corp's warrant extension on December 20, 2021?

Sky Gold Corp has applied to extend the expiry of 6,050,000 warrants, allowing investors additional time until December 23, 2023, to exercise their options.

What is the exercise price for the extended warrants of Sky Gold Corp?

The exercise price for the extended warrants remains at $0.10.

How does the warrant extension impact Sky Gold Corp's stock symbol SRKZF?

The warrant extension can potentially influence investor confidence and stock performance for SRKZF by allowing more time for investors to make their decisions.

When was the announcement regarding the warrant extension made by Sky Gold Corp?

The announcement was made on December 20, 2021.