Sitka Gold Announces $10 Million Bought Deal Financing – Resource World Magazine

Sitka Gold Announces $10 Million Bought Deal Financing – Resource World Magazine

Sitka Gold Corp. [SIG-TSXV, OTCQB-SITKF, 1RF-FSE] has arranged a $10 million bought deal financing with proceeds earmarked for the company’s RC Gold Project in the Yukon Territory, Canada. The company said an underwriting syndicate has agreed to purchase, on bought deal private placement basis, 14.7 million common shares that will qualify as “flow-through shares” within the meaning of the Income Tax Act of Canada at a price of 68 cents per flow-t