Sky Gold Corp. Grants Options and Updates Financing Progress

Sky Gold Corp. Grants Options to Directors, Officers, and Consultants

Sky Gold Corp. has issued 2.3 million options to key personnel at an exercise price of $0.05, valid for a 2-year period, as part of the Company’s stock option plan.

Financing Update: 3rd Tranche Cancelled

Sky Gold Corp. has made the decision to halt the 3rd tranche of its financing activities, after successfully raising $366,400 in the previous two tranches. The company issued 6.6 million non-flow-through units and 520,000 flow-through units at specified prices.

Details of the Units Issued:

– Non-Flow-Through Units (NFT Units) included shares and warrants at $0.05 per unit, with warrants exercisable at $0.07 per share within 36 months.

– Flow-Through Units (FT Units) comprised flow-through shares and non-flow-through warrants at $0.07 per unit, with warrants exercisable at $0.10 per share within 24 months.

Important Information:

All securities issued are subject to a statutory hold period of 4 months plus one day from the date of issuance according to relevant securities legislation. Commissions were paid, and warrants were distributed as part of the Private Placement process.

Statement from the CEO

Mike England, CEO, President, and Director of Sky Gold Corp., expresses the Company’s position.

Contact Information

For further details, contact Sky Gold Corp. at 1-604-683-3995 or toll-free at 1-888-945-4770.

Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the accuracy of this release.

SOURCE: Sky Gold Corp.