Sky Gold closes $474,200.02 non-brokered private placement

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• Sky Gold (OTCPK:SRKZF) closed a non-brokered private placement, having issued a total of 1.24M flow-through units and 8M non-flow-through units for $474,200.02 in gross proceeds.
• The proceeds will be used for ongoing work programs at the mineral exploration company's Mustang property as well as for general corporate overhead.
• Each flow-through unit comprised of one share and one-half transferrable share purchase warrant, which will entitle the holder to purchase one warrant share at $0.08 per warrant share for a 24-month period after the closing date.
• Each non-flow-through unit comprised of one share and one transferrable share purchase warrant, which will entitle the holder to purchase one warrant share at $0.08 per warrant share for a 24-month period after the closing date.
• All securities issued are subject to a statutory hold period expiring on Nov. 8.
• The financing is conditionally approved by the TSX Venture Exchange, but is subject to final approval.
• Source: Press Release