Sitka Gold Corp.: A Significant Financing Announcement
Vancouver, British Columbia – April 1, 2025 – Sitka Gold Corp. (TSXV: SIG) (“Sitka” or the “Company”), a gold exploration company, announced today that it has entered into an agreement with Beacon Securities Limited, acting as lead underwriter, and a syndicate of underwriters (together with Beacon, the “Underwriters”), for the purchase of 14,705,882 common shares that will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (“FT Shares”) at a price of $0.68 per FT Share (“FT Issue Price”) for gross proceeds to the Company of $10,000,000 (“Offering”).
Sitka’s Financing: An Overview
This financing represents a considerable investment in Sitka Gold Corp., with the Underwriters purchasing a significant number of FT Shares at a premium to the current market price. The funds raised through this financing will be used to further advance Sitka’s flagship RC Gold Project, located in the Golden Triangle of British Columbia.
The Impact on Sitka Gold Corp.
This financing comes at an opportune time for Sitka, as there has been heightened interest in the RC Gold Project following the successful start of the planned 30,000 metre drill program. With this new funding, the Company will be able to accelerate exploration efforts and potentially make new discoveries, increasing its overall value.
The Global Implications
Beyond Sitka Gold Corp., this financing announcement is indicative of the growing investor confidence in the gold exploration sector. With gold prices remaining relatively stable, companies in the gold exploration space are seeing increased interest from investors looking for high-growth opportunities. This trend is expected to continue, as gold remains a safe-haven asset in times of economic uncertainty.
Conclusion
Sitka Gold Corp.’s announcement of a significant financing agreement with the Underwriters marks an exciting time for the Company and the gold exploration sector as a whole. With the funds raised through this financing, Sitka will be able to continue advancing its flagship RC Gold Project, while the broader market demonstrates growing investor interest in gold exploration opportunities. This financing is a testament to the potential value that lies within Sitka Gold Corp. and the gold exploration sector as a whole.
- Sitka Gold Corp. announces financing agreement with Beacon Securities Limited and a syndicate of underwriters
- Underwriters to purchase 14,705,882 common shares that will qualify as flow-through shares at $0.68 per share for gross proceeds of $10,000,000
- Funds to be used for the advancement of Sitka’s flagship RC Gold Project
- Financing comes amid increased interest in the gold exploration sector
