Golden Sky Minerals Announces Conversion of Debenture into Common Shares

Core Viewpoint - Evanachan Limited, controlled by Rob McEwen, has converted a C$220,000 convertible debenture into 2,000,000 common shares of Golden Sky Minerals, reflecting confidence in the company's strategy and assets [1][2][3]. Group 1: Conversion Details - The conversion price was set at C$0.11 per share, resulting in the issuance of 2,000,000 common shares [2]. - Following the conversion, Rob McEwen holds approximately 9.0% of Golden Sky's issued and outstanding common shares on a non-diluted basis [2]. Group 2: Company Strategy and Projects - The conversion is seen as a significant vote of confidence in the company's team, strategy, and the quality of its assets, particularly the Rayfield-Gjoll Copper-Gold Project [3]. - The company remains focused on advancing the Rayfield project through an earn-in agreement with Boliden [3]. Group 3: Company Overview - Golden Sky Minerals is a Canadian mineral exploration company with a focus on high-potential copper and gold projects across British Columbia, Yukon, and Ontario [4]. - The flagship Rayfield Project is located in a promising porphyry copper-gold district, offering significant discovery potential and excellent infrastructure [4].