SITKF - Sitka Gold to Issue Property Payment
(TheNewswire)
VANCOUVER, CANADA – TheNewswire – June 11,2024: Sitka Gold Corp. (“Sitka” or the “Company”) (TSXV:SIG)(FSE:1RF) (OTCQB:SITKF) announces that theCompany expects to issue an aggregate of 54,174 common shares of theCompany (the “ PaymentShares ”), at a deemed price of $0.2465 percommon share, in full satisfaction of an annual US$10,000 paymentowing pursuant to the Alpha Gold Property option agreement datedJanuary 31, 2018 between the Company and Objective Exploration LLC,whereby the Company has the option to pay US$10,000 in cash orshares.
The issuance of thePayment Shares is subject to TSX Venture Exchange approval. ThePayment Shares will be subject to a statutory hold period of fourmonths from the date of issuance, in accordance with applicablesecurities legislation.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral explorationcompany headquartered in Canada. The Company is managed by a team ofexperienced industry professionals and is focused on exploring foreconomically viable mineral deposits with its primary emphasis ongold, silver and copper mineral properties of merit. Sitka iscurrently drilling at its flagship RC Gold Project within theTombstone Gold Belt in the Yukon Territory where up to 15,000 metresof diamond drilling is planned for 2024. The company is also advancingthe Alpha Gold Project in Nevada and currently has drill permits forits Burro Creek Gold and Silver Project in Arizona and the CoppermineRiver Project in Nunavut.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“[ DonaldPenner] ”
President and Director
For more information contact:
Donald Penner
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Cautionary Statements
This news release contains"forward-looking information" and "forward-lookingstatements" within the meaning of applicable securitieslegislation. The forward-looking statements herein are made as of thedate of this news release only, and the Company does not assume anyobligation to update or revise them to reflect new information,estimates or opinions, future events or results or otherwise, exceptas required by applicable law. Often, but not always, forward-lookingstatements can be identified by the use of words such as"plans", "expects", "is expected","budgets", "scheduled", "estimates","forecasts", "predicts", "projects","intends", "targets", "aims","anticipates" or "believes" or variations(including negative variations) of such words and phrases or may beidentified by statements to the effect that certain actions"may", "could", "should","would", "might" or "will" be taken,occur or be achieved. These forward-looking statements include, amongother things, statements relating to the TSX Venture Exchange’sapproval of the Payment Shares.
Such forward-looking statements arebased on a number of assumptions of management, including, withoutlimitation, that the TSX Venture Exchange will approve of the issuanceof the Payment Shares.Additionally, forward-looking information involve a variety of knownand unknown risks, uncertainties and other factors which may cause theactual plans, intentions, activities, results, performance orachievements of the Company to be materially different from any futureplans, intentions, activities, results, performance or achievementsexpressed or implied by such forward-looking statements. Such risksinclude, without limitation, the failure of the Company to obtainapproval of the TSX Venture Exchange for issuance of the PaymentShares.
Such forward-looking informationrepresents management's best judgment based on information currentlyavailable. No forward-looking statement can be guaranteed and actualfuture results may vary materially. Accordingly, readers are advisednot to place undue reliance on forward-looking statements orinformation. Neither the Company nor any of its representatives makeany representation or warranty, express or implied, as to theaccuracy, sufficiency or completeness of the information in this newsrelease. Neither the Company nor any of its representatives shall haveany liability whatsoever, under contract, tort, trust or otherwise, toyou or any person resulting from the use of the information in thisnews release by you or any of your representatives or for omissionsfrom the information in this news release.
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