Sky Gold Corp. Initiates Major Financing and Exploration

Sky Gold Corp (TSE:SKYG) has released an update.

Sky Gold Corp. has launched a non-brokered private placement aiming to raise $500,000 through the sale of 10 million units at $0.05 each to fund their exploration activities and for general corporate purposes. The units include a common share and a purchase warrant, with the latter allowing holders to buy additional shares at $0.07 for 36 months post-closing. The company is also preparing for an extensive spring exploration program in Ontario and intends to drill at their Evening Star property in Nevada, indicating a robust period of operational advancements.

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