Sitka gold announces $10 million bought deal financing

Vancouver, british columbia--(newsfile corp. - april 1, 2025) - sitka gold corp. (tsxv: sig) ("sitka" or the "company") is pleased to announce it has entered into an agreement pursuant to which beacon securities limited ("beacon"), as lead underwriter, on behalf of a syndicate of underwriters (together with beacon, the "underwriters"), has agreed to purchase, on a "bought deal" private placement basis, 14,705,882 common shares that will qualify as "flow-through shares" within the meaning of the income tax act (canada) (the "ft shares") of the company at a price of $0.68 per ft share (the "ft issue price") for gross proceeds to the company of $10,000,000 (the "offering"). "this financing, which brings in funds at a significant premium to market, comes amid increased interest in our flagship rc gold project following the successful start to our planned 30,000 metre drill program this year," said cor coe, director and ceo of sitka.
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