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Sitka Gold (CSE:SIG) has announced a non-brokered private placement

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The company intends to raise up to $1 million from the placement of up to 5 million flow-through units priced at $0.20 per unit. Each flow-through unit consists of 1 share and one-half a warrant with each full warrant exercisable at $0.22 for 36 months.

Additional Information:

Company: Sitka Gold
Website: http://www.sitkagoldcorp.com
Stock Symbol: CSE: SIG
Date Published: Jul 3, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Sitka Gold has announced a non-brokered private placement.

The company intends to raise up to $1 million from the placement of up to 5 million flow-through units priced at $0.20 per unit.

Each flow-through unit consists of 1 share and one-half a warrant with each full warrant exercisable at $0.22 for 36 months.

The proceeds will be spent on exploration on the company’s Yukon gold properties.

The RC Gold Project, comprised of the RC Gold Property and the Mahtin Gold Property, is a district scale contiguous land package of 1,579 claims covering approximately 32,800 hectares within the fertile and highly prospective Tombstone Gold Belt region.

This belt hosts Victoria Gold’s 3.6 million ounce gold Eagle Deposit, Golden Predators’ 1.5 million ounce gold Brewery Creek Deposits and AM Gold’s 1.95 million ounce Red Mountain Deposit, as well as numerous placer gold deposits.

The Tombstone Gold Belt is within the larger Tintina Gold Belt which also hosts Kinross Golds’ Fort Knox deposit in Alaska.

The company recently signed an option to acquire a 100% interest in the Barney Ridge gold property, where previous work identified 3 distinct gold-silver bearing zones, all of which remain open for expansion on surface and particularly to depth.

Cor Coe, CEO, stated: "The Barney Ridge Gold Property is an excellent addition to our large RC Gold Project land package located in Yukon's Tombstone Gold Belt, a region that continues to gain prominence as an underexplored gold bearing district. We are looking forward to following up on the recent gold exploration results at Barney Ridge as part of our exploration efforts at RC Gold this summer."

The company also holds an option to acquire a 100% interest in the Burro Creek Gold property in Arizona and owns a 100% interest in its Alpha Gold property in Nevada, and its Coppermine River project in Nunavut.

The shares are trading at $0.21, with Directors and Management owning approximately 20% of the outstanding shares.

For more information, please visit the company’s website at www.sitkagoldcorp.com, contact Donald Penner, President, at 778-212-1950 or by email at dpenner@sitkagoldcorp.com, or Cor Coe, CEO, at 604-817-4753, or email ccoe@sitkagoldcorp.com.

I’m Cassandra Bolinski for Investmentpitch Media