Sky Gold Corp. announced a non-brokered private placement of 5,000,000 flow-through units at a price of CAD 0.06 per unit for the gross proceeds of CAD 300,000 and 4,000,000 non-flow through units at a price of CAD 0.05 for the total gross proceeds of CAD 200,00 for the total gross proceeds of CAD 500,000 on October 12, 2023. Each flow-through unit will include one flow-through share and one transferable share purchase warrant.

Each non flow-through warrant will enable the holder to acquire an additional non flow-through share at a price of CAD 0.10 per Share for a period of 24 months from the date of issuance. Each non flow-through unit will be comprised of one common share and one transferable share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of CAD 0.10 per share.

All Shares, Warrants, and non flow-through warrants, as well as the shares underlying the warrants and non flow-through warrants, will be subject to a statutory hold period of four months and one day from the date of issuance. The financing is subject to TSX Venture approval. Finder?s fees will be paid pursuant to this financing.