Thenewswireยท2025-11-05 18:25Core Points - Sitka Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $2,055,000 through the issuance of 1,500,000 flow-through common shares at a price of $1.37 per share [1][2] - The total treasury of Sitka Gold now exceeds $43 million, following a previous financing of $28.5 million, enabling the company to advance its flagship RC Gold Project [2] - The company plans to conduct a significant drill program at the RC Gold Project, with up to 60,000 meters of diamond drilling anticipated in 2026, effectively doubling the total meters drilled to date [2] Financing Details - The proceeds from the flow-through shares 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] - The offering is subject to final acceptance from the TSX Venture Exchange, and all securities issued will have a hold period expiring on March 6, 2026 [3] Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company based in Canada, focusing on gold, silver, and copper mineral properties, with no debt and over $43 million in treasury [7] - The company is advancing its 100% owned RC Gold Project in the Yukon Territory, along with other projects in Nevada, Arizona, and Nunavut [7]