News release
NEWS RELEASE
December 8, 2023
NR 23-33
www.sitkagoldcorp.com
Sitka Gold Corp. Announces up to $2M Private Placement
VANCOUVER, CANADA – December 8, 2023: Sitka Gold Corp. (“Sitka” or the “Company”)
(CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce a non-brokered private placement
(the “Offering”) of charity flow-through units (“Charity FT Units”) at a price of $0.20 per Charity FT
Unit, for aggregate gross proceeds of up to $2,000,000.
Each Charity FT Unit will be issued as part of a charity arrangement and will consist of one
“flow-through” common share in capital of the Company and one-half of one common share purchase
warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase
one non-flow-through Common Share (a "Warrant Share") at a price of $0.37 per Warrant Share for
a period of 24 months from the date of issuance.
The securities offered pursuant to Offering will be subject to a statutory hold period of four months
and a day from the date of issuance. The Company may pay a finder’s fee comprised of cash and/or
warrants on a portion of the gross proceeds of the Offering as may be agreed between the Company
and eligible finders. The Offering remains subject to regulatory approval and the approval of the
Canadian Securities Exchange (“CSE”).
The Company intends to use the net proceeds of the Offering on its exploration and related programs
on the Company’s Yukon gold properties, which expenditures will qualify as “Canadian Exploration
Expenses” as such term is defined in paragraph (f) of the definition of “Canadian exploration expense”
in subsection 66.1(6) of the Income Tax Act (Canada) (the “Tax Act”) and “flow through mining
expenditures” as defined in subsection 127(9) of the Tax Act, which will be incurred on or before
December 31, 2024 and renounced with an effective date no later than December 31, 2023, to the
purchasers of Charity FT Units.
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 currently has an option to acquire a 100% interest in the
RC, Barney Ridge, Clear Creek and OGI properties in the Yukon and the Burro Creek Gold
property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin
Gold property in the Yukon and its 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
or
Cor Coe
CEO & Director
604-817-4753
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 regarding: the terms of the Offering and the anticipated use of proceeds of the
Offering. Accordingly, readers should not place undue reliance on the forward-looking statements and
information contained in this news release. Readers are cautioned that the foregoing list of factors is
not exhaustive.
In making the forward-looking statements in this news release, the Company has applied certain
material assumptions, including without limitation, that: the Company will complete the Offering, the
Company will receive required approvals for the Offering and the Company will use the proceeds of
the Offering as currently anticipated.
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 not receive the required regulatory
approvals or approval from the CSE in connection with the Offering and that the Company will not use
the proceeds of the Offering as currently anticipated.
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.