Sitka Gold Announces up to $4.5 Million Private Placement with a Lead Order from Palisades Goldcorp
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
February 12, 2021
NR 21-06
www.sitkagoldcorp.com
Sitka Gold Announces up to $4.5 Million Private Placement with
a Lead Order from Palisades Goldcorp
VANCOUVER, CANADA – February 12 , 2021: Sitka Gold Corp. (“Sitka” or the “Company” )
(CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce a private placement for up to $4.5M
with a lead order from Palisades Goldcorp Lt d. The financing will consist of a combination of flow-
through units priced at $0.135 with a half warrant priced at $0.18 and non flow -through units priced at
$0.12 with a full warrant priced at $0.18. Each full warrant will entitle the holder to purchase an
additional common share at a price of $0.18 for a period of 36 months from the date of closing of the
private placement.
This private placement is being offered on a non-brokered basis and the Units will be subject to a
statutory hold period of four m onths and a day from the closing date of the Offering. Sitka has
engaged Canaccord Genuity Corp. to act as its financial advisor for the offering . The Company may
pay a finder's fee on a portion of the gross proceeds of the private placement. The Offering remains
subject to regulatory approval.
The Company intends to use the net proceeds of the Private Placement for exploration work on its
Arizona, Nevada and Yukon gold properties and for general working capital. The private placement is
expected to close on or before March 3, 2021.
About Palisades Goldcorp
Palisades Goldcorp is Canada's resource focused merchant bank. Palisades' management team has
a demonstrated track record of making money and is backed by many of the industry's most notable
financiers. With junior resource equities valued at generational lows, management believes the sector
is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in
undervalued companies and assets with the goal of generating superior returns.
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 deposi ts with its primary emphasis on gold, silver and copper mineral properties of
merit. Sitka currently has an option to acquire a 100% interest in th e RC, Barney Ridge, Clear Creek
and OGI properties in Yukon and the Burro Creek Gold property in Arizona. Sit ka owns a 100%
interest in its Alpha Gold property in Nevada, it’s Mahtin Gold property in the Yukon and it’s
Coppermine River project in Nunavut. Directors and Management own approximately 1 5% of the
outstanding shares of Sitka Gold Corp., a solid indicat ion of their alignment with shareholders’
interests.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information, please contact:
Cor Coe
CEO & Director
Tel: 604-979-0509
www.sitkagoldcorp.com
Cautionary and Forward-Looking Statements
This news release contains forward ‐looking statements and forward ‐looking information within th e
meaning of applicable securities laws. These statements relate to future events or future performance.
All statements other than statements of historical fact may be forward ‐looking statements or
information. Forward ‐looking statements and information ar e often, but not always, identified by the
use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”,
“expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”,
“believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information
about the current expectations and plans of management of the Company relating to the future.
Readers are cautioned that reliance on such statements and information may not be appropriate for
other purposes, such as making investment decisions. Since forward ‐looking statements and
information address future events and conditions, by their very nature they involve inhere nt risks and
uncertainties. Actual results could differ materially from those currently anticipated due to a number of
factors and risks. These include, but are not limited to, the expected timing and terms of the private
placement, use of proceeds, antici pated work program, required approvals in connection with the
work program and the ability to obtain such approvals. Accordingly, readers should not place undue
reliance on the forward ‐looking statements, timelines and information contained in this news release.
Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward ‐looking statements and information contained in this news release are made as of the
date of this news release and no undertaking is given to update publicly or revise any forward ‐looking
statements or information, whether as a result of new information, future events or otherwise, unless
so required by applicable securities laws or the CSE. The forward-looking statements or information
contained in this news release are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibi lity for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.