SITKF - Sitka Gold announces C$2.5M private placement
- Sitka Gold ( OTCQB:SITKF ) on Wednesday announced a non-brokered private placement of units to raise proceeds of up to C$2.5 million.
- The company said it is offering flow-through units at a price of C$0.15 per FT unit, and non-flow-through units at C$0.13 per NFT unit.
- Each FT unit will consist of one flow-through common share and one-half of one common share purchase warrant.
- Each NFT unit consists of one non-flow-through share and one-half of one warrant.
- Each Warrant will entitle the holder thereof to purchase one additional non-flow-through common share at a price of C$0.22 per NFT Share for a period of 24 months from the date of issuance.
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Sitka Gold announces C$2.5M private placement