Sky Gold Closes Financing Tranche

Q: How much did Sky Gold (SRKZF) raise in the April 22, 2026 financing?

Sky Gold raised $902,000 from the financing. According to the company, the amount came from issuing 18,040,000 units at $0.05 per unit in a non-brokered private placement.

Q: What are the warrant terms in Sky Gold's (SRKZF) April 22, 2026 closing?

Each unit includes a warrant exercisable at $0.08 for 36 months. According to the company, each whole warrant permits purchase of one share within that 36-month exercise period.

Q: What finder fees were paid in Sky Gold's (SRKZF) financing tranche?

The company paid $57,360 cash and issued 1,127,200 non-transferable finder warrants. According to the company, each finder warrant is exercisable at $0.08 for 36 months.

Q: Are shares issued in Sky Gold's (SRKZF) financing restricted from resale?

Yes. Shares issued under the financing are subject to a four-month hold period under Canadian securities laws. According to the company, this hold restricts resale for the specified period after closing.

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.

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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

Argus Apr 23 session

+1.33% close to close Open Argus

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News Market Reaction – SRKZF

On Apr 23, the first trading day after this news, SRKZF closed 1.33% above the previous close.

Data tracked by StockTitan Argus for the Apr 23 session.

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04/22/2026 - 06:30 PM

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 15^th, 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 $0.05 per Unit for aggregate gross proceeds of $902,000. Each Unit is comprised of one common share ("Share") and one transferable common share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period after the Closing Date at an exercise price of $0.08 per share. Proceeds raised will be used for advancing the Company's Evening Star project in Nevada as well as for general working capital.

In connection with the closing of the non-brokered private placement, The Company paid total finders' fees of $57,360 cash and 1,127,200 non-transferable finders' warrants. Each finder's Warrant will entitle the finder to purchase one Warrant Share of the Company for a 36-month period after the Closing Date at an exercise price of $0.08 per share.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Sky Gold (SRKZF) raise in the April 22, 2026 financing?

Sky Gold raised $902,000 from the financing. According to the company, the amount came from issuing 18,040,000 units at $0.05 per unit in a non-brokered private placement.

What are the warrant terms in Sky Gold's (SRKZF) April 22, 2026 closing?

Each unit includes a warrant exercisable at $0.08 for 36 months. According to the company, each whole warrant permits purchase of one share within that 36-month exercise period.

How will Sky Gold (SRKZF) use the proceeds from the private placement?

Proceeds will be used to advance the Evening Star project and for general working capital. According to the company, funding is allocated specifically to progress the Nevada project and support operations.

What finder fees were paid in Sky Gold's (SRKZF) financing tranche?

The company paid $57,360 cash and issued 1,127,200 non-transferable finder warrants. According to the company, each finder warrant is exercisable at $0.08 for 36 months.

Are shares issued in Sky Gold's (SRKZF) financing restricted from resale?

Yes. Shares issued under the financing are subject to a four-month hold period under Canadian securities laws. According to the company, this hold restricts resale for the specified period after closing.

Sky Gold Closes Financing Tranche