Sky GOLD Closes Financing
1240-789 W Pender St., Vancouver, BC, V6C 1H2
+1-604-683-3995 +1-604-683-3988 [email protected]
SKY GOLD CLOSES FINANCING
Vancouver, British Columbia – April 4 , 202 3 – Sky Gold Corp. (TSX -V: SKYG)
(US:SRKZF)("Sky Gold Co rp." or the “Company”) is pleased to announce that the
Company has closed its previously announced non -brokered private placement (see PR
dated February 7, 2023). The Company issued a total of 6,425,000 units (the “Units”) and
for total aggregate gross proceeds of $514,000.
Each Unit is comprised of one common share (a "Share") and one transferrable Share
purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to
purchase one Share (a “Warrant Share”) at a price of $0. 12 per Warrant Share for a 24-
month period after the Closing Date.
The following cash only finders’ fees were paid in connection with the private placement,
PI Financial Corp. $6,720, National Bank Financial Inc. $1,920 and Sherbrooke Street
Capital (SSC) Inc., $10,560.
A senior officer of the Corporation has subscribed for an aggregate of 1,000,000 Units as
part of the Private Placement, which participation constitutes a "related party transaction"
within the meaning of Multilateral Instrument 61 -101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101") and Policy 5.9 of the TSXV. The Corporation
is relying on the exemption for a formal valuation under section 5.5(b) of MI 61 -101
(trading on the TSXV), and on the exemption for minority shareholder approval under
section 5.7(1)(b) of MI 61-101 (fair market value of less than $2,500,000).
All securities issued are subject to a statutory hold period expiring on August 5, 2023.
The financing, although conditionally approved by the TSX Venture Exchange (TSXV), is
subject to final approval.
Proceeds raised from the Offering will be used towards exploration activities on the
Company’s portfolio of mining projects as well as general and administrative purposes.
1240-789 W Pender St., Vancouver, BC, V6C 1H2
+1-604-683-3995 +1-604-683-3988 [email protected]
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and
advancing mineral properties in Canada and the USA.
ON BEHALF OF THE BOARD
“Mike England”
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-770
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.