Sitka Gold Announces $25 Million Bought Deal Financing

Core Viewpoint - Sitka Gold Corp. has announced a bought deal private placement to raise $25,001,900 by issuing 16,235,000 flow-through shares at a price of $1.54 per share, aimed at advancing its RC Gold Project in the Yukon Territory [1][2]. Financing Details - The financing is being led by Beacon Securities Limited and is completed at a significant premium to the market, indicating strong recognition of the RC Gold Project [2]. - The funds raised will be used for eligible Canadian exploration expenses related to the RC Gold Project, with all qualifying expenditures to be renounced in favor of subscribers by December 31, 2025 [2]. Regulatory Compliance - The flow-through shares will be offered under the accredited investor exemption and the listed issuer financing exemption, with a total of $5 million and $20 million gross proceeds respectively [3]. - The offering in Quebec will commence only after the necessary French documentation is filed [3]. Shareholder Participation - Certain shareholders with participation rights may opt to purchase common shares at the FT Issue Price through a non-brokered private placement [6]. Underwriter Compensation - The company will pay the underwriters a cash commission of 6.0% of the gross proceeds and issue compensation options equal to 6.0% of the number of flow-through shares sold [7]. Closing Timeline - The offering is expected to close around October 30, 2025, pending necessary regulatory approvals [8]. Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company with over $14 million in treasury and no debt, focusing on gold, silver, and copper properties [10]. - The company is advancing its flagship RC Gold Project, which spans 431 square kilometers in the Yukon Territory, along with other projects in Nevada, Arizona, and Nunavut [10].