SKY GOLD CORP. OPTIONS HORNE AND LAURIE PROPERTIES TO DELTA RESOURCES LTD May 1 st, 2024, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the “Company”)
SKY GOLD CORP. OPTIONS HORNE AND LAURIE PROPERTIES TO DELTA
RESOURCES LTD
May 1 st, 2024, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the “Company”)
(TSX.V:SKYG) (US:SRKZF) is pleased to announce it has reached an agreement with Delta
Resources Ltd. (TSX.V:DLTA) whereby Delta will have the option to acquire a 100% interest
in the Horne and Laurie properties located west of Thunder Bay, Ontario. Delta will assume all
remaining obligations to the vendor other than the share component which will be issued by
Sky upon closing of this agreement, totalling 1. 2 million shares. Upon signing of the
agreement, Delta will issue 1,400,000 shares of the Company to Sky and pay the sum of
$75,000. Sky will retain a 1% Net Smelter Return Royalty (“NSR”). Delta will have the option
to buyback a 0.5% NSR at anytime for $1M and will have a right of first refusal on the second
0.5% NSR. 1,000,000 common shares are subject to a one -year transfer restriction and
400,000 shares are subject to a four month and one day hold period from the date of issuance
in accordance with applicable Canadian securities laws.
The agreement is subject to regulatory approval.
“This agreement with Delta gives Sky exposure to Delta’s impressive land packages covering
two very high-potential gold and base-metal projects near Thunder Bay, Ontario and also gives
us the opportunity to focus on our Shebandowan Ni-Cu-Co-PGE-Au portfolio in northwestern
Ontario.” Stated Sky Gold CEO Mike England.
Qualified person
Sky Gold Corp.’s disclosure of a technical or scientific nature in this news release has been
reviewed and approved by Don Hoy, P.Geo., who serves as a qualified person under the
definition of National Instrument 43-101.
ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 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
Certain 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 statement s
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, in cluding with
respect to the completion of the Consolidation 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 Company will obtain from
them. These forward-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 those
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.