Sky Gold Corp. announced a non-brokered private placement that it will issue up to 20,000,000 units at an issue price of CAD 0.04 per unit for the gross proceeds of up to CAD 800,000 on November 1, 2024. Each Unit will be comprised of one common share and one transferable Share purchase warrant of the Company.

Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period after the Closing Date at an exercise price of CAD 0.07 per share subject to an acceleration right if the 20-day volume weighted average price of the listed shares of the company close at a price equal to or greater than CAD 0.15, the company will have the option to accelerate the expiry date of the warrants to the date that is 30 days from the date that the company announces the acceleration through a news release. Finder?s fees will be paid pursuant to this financing. The financing is subject to TSX Venture approval.