Sky Gold Closes Financing Tranche
Rhea-AI Summary
Sky Gold (OTC:SRKZF) closed a tranche of a non-brokered private placement on April 22, 2026, issuing 18,040,000 units at $0.05 per unit for gross proceeds of $902,000.
Each Unit includes one share and one warrant exercisable at $0.08 for 36 months. Proceeds will fund the Evening Star project in Nevada and general working capital. Finder fees were $57,360 cash plus 1,127,200 non-transferable finder warrants. Issued shares are subject to a four-month hold period under Canadian securities laws.
Positive
- Gross proceeds of $902,000 raised from the financing
- Issued 18,040,000 units supporting project funding
- Proceeds designated for advancing the Evening Star project in Nevada
Negative
- Potential dilution from 18,040,000 subscriber warrants exercisable at $0.08
- Finder compensation of $57,360 cash plus 1,127,200 finder warrants
- Issued shares subject to a four-month hold restricting immediate resale
News Market Reaction – SRKZF
On the day this news was published, SRKZF gained 1.33%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / April 22, 2026 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG)(OTC PINK:SRKZF) is pleased to announce that further to its press releases dated April 7, 2026 and April 15th, 2026 the Company has closed a tranche of its non-brokered private placement. The Company issued 18,040,000 units (the "Units") at a price of
In connection with the closing of the non-brokered private placement, The Company paid total finders' fees of
Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.
About Sky Gold Corp.
Sky Gold Corp. is a mineral exploration company focused on advancing precious and base metal projects in North America. The Company's flagship Evening Star Property, located in the prolific Walker Lane Gold Trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, Gold Bug, CRD Hill and Evening Star. The project site has excellent infrastructure.
ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the identification or acquisition of additional mineral assets. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE: Sky Gold Corp.
View the original press release on ACCESS Newswire