Sitka Gold Corp. Announces $600,000 Private Placement
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
May 29th, 2018
NR 18-11
www.sitkagoldcorp.com
Sitka Gold Corp. Announces $600,000 Private Placement
VANCOUVER, CANADA – May 29th, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company” or
“Sitka”) intends to complete a private placement of up to 2.4 million units (the “Units”) at a price
of $0.25 per unit for gross proceeds of up to $600,000 (the “Offering”). Each unit will consist of
one common share and one share purchase warrant. Each warrant will entitle the holder to
purchase an additional common share at a price of $0.40 for a period of 2 years from the date of
closing of the private placement.
This private placement is being offered on a non-brokered basis in the Provinces of Alberta,
Yukon, British Columbia, Ontario and such other jurisdictions as the Company may determine in
its sole discretion and the Units will be subject to a statutory hold period of four months and a
day from the closing date of the Offering. The Company may pay a finder’s fee in accordance
with the rules and policies of the Canadian Securities Exchange. The Offering remains subject
to regulatory approval.
Net proceeds of the Offering will be applied toward the advancement of the Company’s Nevada
mineral properties and for general working capital purposes.
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
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
or
Peter MacLean
Director
604-781-8513
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accep ts 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 an alyses 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,
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.