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Sitka Gold Raises $5 Million for Expansion

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Sitka Gold Raises $5 Million for Expansion

Sitka Gold Corp. (TSE:SIG) has released an update.

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Sitka Gold Corp. has successfully closed a $5 million private placement, which will bolster its treasury to over $15 million, enabling expanded drilling at its RC Gold Project in the Yukon Territory. The funds will be used for exploration and development programs, with securities subject to a hold period until March 8, 2025.

For further insights into TSE:SIG stock, check out TipRanks’ Stock Analysis page.

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