A little weakness lately makes sense, I added today. 60 ? holes to come. Take the money when available.
Sitka Gold Announces $25 Million Bought Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - Sitka Gold Corp. (TSXV: SIG) ("Sitka" or the "Company") is pleased to announce it has entered into an agreement pursuant to which Beacon Securities Limited ("Beacon"), as lead underwriter, on behalf of a syndicate of underwriters (together with Beacon, the "Underwriters"), has agreed to purchase, on a "bought deal" private placement basis, 16,235,000 common shares that will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "FT Shares") of the Company at a price of $1.54 per FT Share (the "FT Issue Price") for gross proceeds to the Company of $25,001,900 (the "Offering").
"This bought deal financing, completed at a significant premium to market, highlights the growing recognition of our flagship RC Gold Project, which is rapidly evolving from an initial discovery into a major gold camp," said Cor Coe, Director and CEO of Sitka. "Combined with our current treasury, this financing provides funding and the ability to accelerate our efforts to further advance RC Gold as we focus on unlocking additional value from this exciting, district-scale gold discovery."
The Company will use an amount equal to gross proceeds from the sale of the FT Shares to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's RC Gold Project in the Yukon Territory, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025.
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