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Sky Gold Corp Cancels Financing

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Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) has announced the cancellation of its previously announced 4 cent private placement. The company plans to reassess financing options in the New Year, as CEO Mike England believes the junior resource sector is improving.

The company continues to evaluate programs at both the Evening Star copper porphyry and gold targets and the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property in northwestern Ontario. Assay results are currently pending from two programs completed at the Shebandowan project.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) ha annunciato la cancellazione della sua offerta privata precedentemente annunciata di 4 centesimi. L'azienda prevede di rivedere le opzioni di finanziamento nel nuovo anno, poiché il CEO Mike England crede che il settore delle risorse junior stia migliorando.

L'azienda continua a valutare i programmi sia presso i target di rame e oro Evening Star sia presso il progetto di nickel-rame-cobalto-cromo-elemento del gruppo platino-oro Shebandowan nel nord-ovest dell'Ontario. I risultati degli assay sono attualmente in attesa da due programmi completati presso il progetto Shebandowan.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) ha anunciado la cancelación de su colocación privada de 4 centavos previamente anunciada. La empresa planea reevaluar las opciones de financiación en el nuevo año, ya que el CEO Mike England cree que el sector de recursos junior está mejorando.

La empresa continúa evaluando programas tanto en los objetivos de cobre y oro Evening Star como en la propiedad de nickel-cobre-cobalto-cromo-elemento del grupo platino-oro Shebandowan en el noroeste de Ontario. Los resultados de los análisis están actualmente pendientes de dos programas completados en el proyecto Shebandowan.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF)는 이전에 발표한 4센트의 사모 배치를 취소한다고 발표했습니다. CEO인 마이크 잉글랜드는 자원 주니어 섹터가 개선되고 있다고 믿기 때문에 회사는 새해에 자금 조달 옵션을 재평가할 계획입니다.

회사는 이브닝 스타 구리 포르프리와 금 목표셰반도완 니켈-구리-코발트-크롬-플래티넘 그룹 원소-금 자산을 평가하고 있습니다. 셰반도완 프로젝트에서 완료된 두 프로그램에 대한 분석 결과는 현재 대기 중입니다.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) a annoncé l'annulation de son placement privé de 4 cents précédemment annoncé. L'entreprise prévoit de réévaluer les options de financement dans la nouvelle année, car le PDG Mike England pense que le secteur des ressources juniors s'améliore.

La société continue d'évaluer les programmes sur les cibles de cuivre et d'or Evening Star ainsi que sur la propriété de nickel-cuivre-cobalt-chrome-éléments du groupe platine-or Shebandowan dans le nord-ouest de l'Ontario. Les résultats des analyses sont actuellement en attente de deux programmes achevés au projet Shebandowan.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) hat die Stornierung ihrer zuvor angekündigten Privatplatzierung von 4 Cent bekannt gegeben. Das Unternehmen plant, im neuen Jahr die Finanzierungsmöglichkeiten neu zu bewerten, da CEO Mike England glaubt, dass der Sektor der Junior-Ressourcen sich verbessert.

Das Unternehmen bewertet weiterhin Programme sowohl bei den Evening Star Kupferporphyr und Goldzielen als auch bei der Shebandowan Nickel-Kupfer-Kobalt-Chrom-Platin-Gruppe-Element-Gold-Liegenschaft im Nordwesten von Ontario. Die Analyseergebnisse aus zwei Programmen, die im Shebandowan-Projekt abgeschlossen wurden, stehen derzeit aus.

Positive
  • Company has drill-permitted targets at Evening Star project
  • Pending assay results from two completed programs at Shebandowan project
Negative
  • Cancellation of previously announced 4 cent private placement financing
  • Delay in securing necessary funding for operations

VANCOUVER, BC / ACCESSWIRE / December 10, 2024 / SKY GOLD CORP. ("Sky Gold" or the "Company") (TSX.V:SKYG)(OTC PINK:SRKZF) announces it will not be proceeding with the 4 cent private placement previously announced (see PR November 1, 2024). The Company will continue to assess and formulate programs on both the Evening Star copper porphyry and gold targets as well as the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property, located in northwestern Ontario.

Assays are pending on the Shebandowan project.

"We feel the tide is turning for the junior resource sector and will look to finance in the New Year. Our drill permitted targets at Evening Star are not going anywhere and, in the meantime, we await batches of assays from 2 programs completed at our prospective Shebandowan project in Ontario." stated Mike England, CEO of Sky Gold.

For more information on the Evening Star gold and copper project in Nevada and the Shebandowan nickel-copper-cobalt-platinum group element (Ni-Cu-Co-PGE) project in Northwestern Ontario please visit our website at www.skygoldcorp.com.

ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995
Toll Free: 1-888-945-4770

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 the original press release on accesswire.com

FAQ

Why did Sky Gold Corp (SRKZF) cancel its private placement financing?

Sky Gold Corp decided not to proceed with the 4 cent private placement, choosing to wait for better market conditions in the New Year as they believe the junior resource sector is improving.

What projects is Sky Gold Corp (SRKZF) currently developing?

Sky Gold Corp is developing the Evening Star copper porphyry and gold targets, as well as the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property in northwestern Ontario.

What are the pending developments for Sky Gold Corp (SRKZF)?

The company is awaiting assay results from two programs completed at the Shebandowan project and plans to seek new financing opportunities in the New Year.

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