Sky Gold Corp Announces Flow-Through Private Placement

VANCOUVER, BC — Sky Gold Corp. (“Sky” or the “Company”), a mineral exploration company specializing in gold projects, has made a significant move to bolster its operations. On May 9, 2025, Sky Gold announced a non-brokered private placement of up to 20,000,000 flow-through shares at a price of $0.035 per share. This strategic financial maneuver aims to raise up to $700,000 in gross proceeds, which will be directed towards advancing the company’s Consolidated Shebandowan project in Northwestern Ontario.

Tax Benefits and Strategic Use of Proceeds

The flow-through shares offer holders the opportunity to receive tax benefits under the Income Tax Act (Canada), making this offering particularly attractive to investors seeking both financial and tax advantages. The funds raised from this private placement are earmarked for the Consolidated Shebandowan project, a key initiative for Sky Gold. This project is poised to benefit from the upcoming spring exploration program, which will include geological mapping, prospecting, and potentially future diamond drilling.

Market Context and Company Overview

Sky Gold Corp. is listed on the TSX Venture Exchange and operates out of Vancouver, Canada. Despite a challenging market environment, as evidenced by its close price of $0.03 on May 5, 2025, and a 52-week low of $0.025, the company remains focused on its exploration activities. With a market capitalization of 1,660,000 CAD and a price-to-earnings ratio of -2.54, Sky Gold is navigating its financial landscape with strategic initiatives like this private placement.

Approval and Future Prospects

The private placement is subject to approval by the TSX Venture Exchange, and finders’ fees may be payable. As Sky Gold continues to develop its Consolidated Shebandowan project, the company is optimistic about the potential for discovery and development in this promising region. For more detailed information on the project, interested parties are encouraged to visit Sky Gold’s website .

As Sky Gold Corp. moves forward with its exploration plans, the company remains committed to leveraging its resources and expertise to uncover new opportunities in the gold sector. This private placement represents a pivotal step in their ongoing journey to enhance their project portfolio and deliver value to their shareholders.