Sky GOLD Announces Consolidation
12364213.1
1240-789 W Pender St., Vancouver, BC, V6C 1H2
+1-604-683-3995 +1-604-683-3988 [email protected]
SKY GOLD ANNOUNCES CONSOLIDATION
December 20, 2022, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the
“Company”) ( SKYG-TSX:V) (US:SRKZF) announces a proposed consolidation (the
“Consolidation”) of its common shares (the "Shares") on the basis of three (3) existing Shares for one (1)
new Share. Currently, a total of 86,266,597 Shares are issued and outstanding. Accordingly, if put into effect
on the basis of three (3) existing Shares for one (1) new Share, a n approximate total of 28,755,532 Shares
would be issued and outstanding following the Consolidation, assuming no other change in the issued
capital.
Management of the Company believes that the Consolidation will increase the Company’s flexibility and
competitiveness in the market place and make the Company’s securities more attractive to a wider audience
of potential investors, thereby resulting in a more efficient market for i ts Shares. Sky is currently assessing
numerous properties in the critical minerals space in an effort to strengthen the company's project portfolio.
There is no guarantee or assurance that Sky will identify or acquire additional mineral properties.
The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company’s
stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the
number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be
adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation
with its advisors.
Completion of the Consolidation is subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
“Mike England”
Mike England, CEO, PRESIDENT & 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.
Forward Looking Statements
C
ertain statements in this release are forward -looking statements, which reflect the expectations of management regarding the
matters described herein. Forward -looking statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that
may cause actual results, performance, or developments to differ materially from those contained in the statements , including with
respect to the completion of the Consolida tion or the identification or acquisition of additional mineral assets . No assurance can be
given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the
12364213.1
1240-789 W Pender St., Vancouver, BC, V6C 1H2
+1-604-683-3995 +1-604-683-3988 [email protected]
Company will obtain from them. These f orward-looking statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from thos e expressed or implied by the forward- looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of the date of this news release.