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Sky Gold Provides Update on Financing

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Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has received a 30-day extension from the TSX Venture Exchange to close its previously announced non-brokered private placement. The company has already closed two tranches of the placement, raising gross proceeds of $366,400. This includes the issuance of 6,600,000 non-flow-through units at $0.05 per unit and 520,000 flow-through units at $0.07 per unit.

Each non-flow-through unit comprises one common share and one transferrable share purchase warrant, allowing the holder to purchase an additional share at $0.07 for 36 months. Flow-through units include one flow-through share and one non-flow-through warrant, enabling the purchase of an additional non-flow-through share at $0.10 for 24 months. All securities are subject to a 4-month statutory hold period. The financing awaits final approval from the TSXV.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ha ricevuto un prolungamento di 30 giorni dalla TSX Venture Exchange per chiudere il suo collocamento privato non mediato precedentemente annunciato. L'azienda ha già chiuso due tranche del collocamento, raccogliendo proventi lordi di $366.400. Questo include l'emissione di 6.600.000 unità non flusso a $0,05 per unità e 520.000 unità flusso a $0,07 per unità.

Ogni unità non flusso comprende una azione comune e un warrant trasferibile per l'acquisto di un'ulteriore azione a $0,07 per 36 mesi. Le unità flusso includono un'azione flusso e un warrant non flusso, consentendo l'acquisto di un'ulteriore azione non flusso a $0,10 per 24 mesi. Tutti i titoli sono soggetti a un periodo di blocco legale di 4 mesi. Il finanziamento attende l'approvazione finale dalla TSXV.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ha recibido una prórroga de 30 días de la TSX Venture Exchange para cerrar su colocación privada no mediada previamente anunciada. La empresa ya ha cerrado dos tramos de la colocación, recaudando ingresos brutos de $366,400. Esto incluye la emisión de 6,600,000 unidades no fluyentes a $0.05 por unidad y 520,000 unidades fluyentes a $0.07 por unidad.

Cada unidad no fluyente consta de una acción común y un warrant transferible que permite al titular comprar una acción adicional a $0.07 durante 36 meses. Las unidades fluyentes incluyen una acción fluyente y un warrant no fluyente, que permite la compra de una acción no fluyente adicional a $0.10 durante 24 meses. Todos los valores están sujetos a un período de retención legal de 4 meses. El financiamiento espera la aprobación final de la TSXV.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF)는 TSX Venture Exchange로부터 이전에 발표된 비중개 사모펀드를 마감하기 위해 30일 연장을 받았습니다. 이 회사는 이미 두 개의 트랜치를 마감했으며, 총 수익 $366,400을 모았습니다. 이에는 각각 $0.05에 6,600,000개의 비유동성 유닛과 $0.07에 520,000개의 유동성 유닛이 포함됩니다.

각 비유동성 유닛은 하나의 보통주와 하나의 양도 가능한 주식 구매 워런트로 구성되어 있으며, 이는 보유자가 36개월 동안 $0.07에 추가 주식을 구매할 수 있도록 합니다. 유동성 유닛은 하나의 유동성 주식과 하나의 비유동성 워런트를 포함하며, 이는 24개월 동안 $0.10에 추가 비유동성 주식을 구매할 수 있게 해줍니다. 모든 증권은 4개월 법적 보유 기간의 적용을 받습니다. 자금 조달은 TSXV의 최종 승인을 기다리고 있습니다.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) a reçu une extension de 30 jours de la TSX Venture Exchange pour finaliser son placement privé non intermédiaire précédemment annoncé. L'entreprise a déjà clôturé deux tranches du placement, levant des produits bruts de 366 400 $. Cela inclut l'émission de 6 600 000 unités non assimilables à 0,05 $ par unité et 520 000 unités assimilables à 0,07 $ par unité.

Chaque unité non assimilable se compose d'une action ordinaire et d'un warrant transférable permettant au détenteur d'acheter une action supplémentaire à 0,07 $ pendant 36 mois. Les unités assimilables incluent une action assimilable et un warrant non assimilable, permettant l'achat d'une action non assimilable supplémentaire à 0,10 $ pendant 24 mois. Tous les titres sont soumis à une période de blocage légale de 4 mois. Le financement attend l'approbation finale de la TSXV.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) hat von der TSX Venture Exchange eine 30-tägige Verlängerung erhalten, um ihre zuvor angekündigte nicht vermittelte Privatplatzierung abzuschließen. Das Unternehmen hat bereits zwei Tranchen der Platzierung abgeschlossen und brutto Erlöse von 366.400 $ erzielt. Dies umfasst die Ausgabe von 6.600.000 Nicht-Flow-Through-Einheiten zu 0,05 $ pro Einheit und 520.000 Flow-Through-Einheiten zu 0,07 $ pro Einheit.

Jede Nicht-Flow-Through-Einheit besteht aus einer Stammaktie und einem übertragbaren Kaufwarrant, der dem Inhaber das Recht gibt, innerhalb von 36 Monaten eine zusätzliche Aktie zu 0,07 $ zu erwerben. Flow-Through-Einheiten beinhalten eine Flow-Through-Aktie und einen Nicht-Flow-Through-Warrant, die den Kauf einer zusätzlichen Nicht-Flow-Through-Aktie zu 0,10 $ für 24 Monate ermöglichen. Alle Wertpapiere unterliegen einer gesetzlichen Haltedauer von 4 Monaten. Die Finanzierung wartet auf die endgültige Genehmigung von der TSXV.

Positive
  • Raised $366,400 in gross proceeds from two tranches of private placement
  • Received 30-day extension from TSX Venture Exchange to close the private placement
  • Issued 6,600,000 non-flow-through units and 520,000 flow-through units
Negative
  • Financing still subject to final approval from TSX Venture Exchange
  • 4-month statutory hold period on issued securities may limit short-term liquidity

VANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") announces that further to the previously announced non-brokered private placement (see PR's dated May 24, 2024, June 5, 2024, June 19, 2024, June 26, 2024, July 5, 2024), the TSX Venture Exchange has granted the Company a 30-day extension to close this private placement.

The Company has closed 2 tranches of the private placement for gross proceeds of $366,400. In connection with the closing of the first and second tranches, the Company has issued 6,600,000 non-flow-through units (the "NFT Units") at a price of $0.05 per unit and 520,000 flow-through units (the "FT Units") at a price of $0.07 per Unit.

Each NFT Unit is comprised of one common share (a "Share") and one transferrable Share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") at a price of $0.07 per Warrant Share for a 36-month period after the Closing Date.

Each FT Unit is comprised of one common flow-through share (a "FT Share") and one transferrable non-flow-through share purchase warrant (a "NFT Warrant") of the Company. Each NFT Warrant will entitle the holder to purchase one additional non-flow-through share at a price of $0.10 per share for a 24-month period after the Closing Date.

All securities issued are subject to a statutory hold period of 4 months plus one day from the date of issuance in accordance with applicable securities legislation.

The financing, although conditionally approved by the TSX Venture Exchange (TSXV), is subject to final approval.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 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

How much has Sky Gold Corp. (SRKZF) raised in its recent private placement?

Sky Gold Corp. has raised gross proceeds of $366,400 from two tranches of its non-brokered private placement.

What is the price per unit for Sky Gold Corp.'s (SRKZF) non-flow-through and flow-through units?

Sky Gold Corp. is offering non-flow-through units at $0.05 per unit and flow-through units at $0.07 per unit.

What is the exercise price and term for Sky Gold Corp.'s (SRKZF) non-flow-through warrants?

The non-flow-through warrants have an exercise price of $0.07 per share and are valid for 36 months after the closing date.

How long is the statutory hold period for securities issued in Sky Gold Corp.'s (SRKZF) private placement?

All securities issued in the private placement are subject to a statutory hold period of 4 months plus one day from the date of issuance.

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