Sitka Closes Private Placement
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
July 3rd, 2018
NR 18-13
www.sitkagoldcorp.com
Sitka Closes Private Placement
VANCOUVER, CANADA – July 3rd, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company”) is
pleased to announce that it has closed the non-brokered private placement that was announced
on May 29, 2018. The Company has issued 480,000 (the “Units”) at a price of $0.25 per Unit
for gross proceeds of $120,000. Each Unit is comprised of one common share and one share
purchase warrant. Each warrant entitles the holder to acquire one additional share in the capital
of the Company at a price of $0.40 until June 29, 2020. The common shares compri sing the
Units and any shares issued upon the exercise of any Warrants are subject to a hold period
expiring at midnight on October 29, 2018. The proceeds of the offering will be applied toward
the advancement of the Company’s Nevada mineral properties an d for general working capital
purposes.
The following insiders of the Company acquired an aggregate of 160,000 Units: Corwin Coe
(60,000 Units), Peter Maclean (20,000 Units), and Scott Price (80,000 Units). These
transactions constitute “related party transactions” under Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party
transactions are exempt from the formal valuation requirements of Section 5.4 of MI 61-101
pursuant to subsection 5.5(a) of MI 61-101, and exempt from the minority approval
requirements of Section 5.6 of MI 61-101 pursuant to subsection 5.7(1)(a) of MI 61-101. A
material change report was not filed more than 21 days prior to closing as contemplated by the
related party transaction requirements under MI 61-101 as the insider participation was only
recently confirmed.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a
team of experienced mining industry professionals. The Company is focused on exploring for
economically viable mineral deposits with its primary emphasis on gold and copper mineral
properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe gold
property in Nevada and owns a 100% interest in its Coppermine River project in Nunavut and
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the Alpha Gold property in Nevada. The Company is currently drilling its Adobe Gold Property
with funds raised from its recent Initial Public Offering that was fully subscribed for $1.2M.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
or
Cor Coe
CEO & Director
604-817-4753
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “forward-looking statements”. All statements
included in this press release that address future events, conditions or results, including in
connection with exploration activity, future acquisitions and any financing, are forward-looking
statements. These forward-looking statements can be identified by the use of words such as
“may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”,
“intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These
forward-looking statements are based on certain assumptions and analyses made by
management in light of their experiences and their perception of historical trends, current
conditions and expected future developments, as well as other factors they believe are
appropriate in the circumstances. These statements are subject to risks, uncertainties and
assumptions, including those mentioned in the Company’s continuous disclosure documents,
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which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and
uncertainties are outside the control of the Company and could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In making such
forward-looking statements, management has relied upon a number of material factors and
assumptions, on the basis of currently available information, for which there is no insurance that
such information will prove accurate. All forward-looking statements are expressly qualified in
their entirety by the cautionary statements set forth above. The Company is under no obligation,
and expressly disclaims any intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.