12/19/2022 - 11:25 AM EST - Sitka Gold Corp : Announces due to investor demand the Company has increased the size of the previously announced non-brokered private placement of flow-through units at a price of $0.15 per FT Unit, and non-flow-through units at a price of $0.13 per NFT Unit, for aggregate gross proceeds of up to $3.25 million. Each FT Unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional non-flow-through common share at a price of $0.22 per NFT Share for a period of 24 months from the date of issuance. Each NFT Unit consists of one NFT Share and one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one additional NFT Share at a price of $0.22 per NFT Share for a period of 24 months from the date of issuance. The Company intends to use the net proceeds of the Offering for exploration work on its Yukon gold properties and for general working capital. Sitka Gold Corp
shares C.SIG are trading unchanged at $0.10.
