Sky Gold Corrects Disclosure of Previously Announced Private Placement

Rhea-AI Summary

Sky Gold Corp (OTC:SRKZF; TSXV:SKYG) issued a correction on November 4, 2025 clarifying warrant counts for a private placement that closed on October 22, 2025. Each unit comprised one common share and one transferable common share purchase warrant. The company now states it issued 23,880,000 transferable warrants and 1,408,000 non-transferable finders' warrants.

Each finders' warrant permits the purchase of one share at an exercise price of $0.08 per share for a 36-month period after the closing date. The release says all other material terms of the offering remain unchanged.

News Market Reaction

-13.31%

1 alert

-13.31% News Effect

On the day this news was published, SRKZF declined 13.31%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC / ACCESS Newswire / November 4, 2025 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG)(OTC PINK:SRKZF) wishes to correct the number of warrants and finders warrants disclosed in it's October 22, 2025 news release. In connection with the private placement that closed on October 22, 2025 , each unit issued was comprised of one common share ("Share") and one transferable common share purchase warrant of the Company ("Warrant"), the Company issued a total of 23,880,000 warrants. The Company issued 1,408,000 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.

The remaining material terms of the Offering remain as announced on October 22, 2025.

About Sky Gold Corp.

Sky Gold Corp. is a junior mining exploration company focussed on the Evening Star property located in the prolific Walker Lane trend, approximately 16 kilometers (10 miles) east of the town of Hawthorne, Nevada.

ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

SOURCE: Sky Gold Corp.

View the original press release on ACCESS Newswire

FAQ

What correction did Sky Gold (SRKZF) make on November 4, 2025?

Sky Gold corrected the number of warrants issued in its October 22, 2025 private placement to 23,880,000 warrants and 1,408,000 finders' warrants.

How many finders' warrants did Sky Gold (SRKZF) issue and what is the exercise price?

Sky Gold issued 1,408,000 non-transferable finders' warrants with an exercise price of $0.08 per share.

What is the exercise period for Sky Gold's (SRKZF) finders' warrants from the October 22, 2025 closing?

Each finders' warrant is exercisable for 36 months after the October 22, 2025 closing date.

Do the correction and updated warrant counts change other terms of the private placement for Sky Gold (SRKZF)?

No, the company stated that the remaining material terms of the offering remain unchanged from the October 22, 2025 announcement.

Which securities symbols should investors use to follow Sky Gold disclosures after this correction?

Monitor disclosures under TSXV: SKYG and OTC: SRKZF for further updates and filings.