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Sitka Gold Issues Shares Under the Barney Ridge Gold Property and Clear Creek Gold Property Option Agreement
VANCOUVER, CANADA – TheNewswire - July 5, 2022 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announc
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire - July 5, 2022 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce that, further to the Company’s news releases date June 30, 2020 and July 6, 2020, the Company issued an aggregate of 100,000 common shares in the capital of the Company (the “Shares”) at a deemed value of $0.16 per Share on each of July 7, 2020, and June 11, 2021, to Bernie Kreft pursuant to the Barney Ridge gold property option agreement and the Clear Creek Gold property option agreement (together, the “Option Agreements”). An additional aggregate of 100,000 Shares at a deemed value of $0.16 per Share were issued to Mr. Kreft on June 20, 2022, pursuant to the terms of the Option Agreements. In accordance with the requirements of the Option Agreements, the Company also intends to issue: an aggregate of 100,000 Shares to Mr. Kreft on or before June 26, 2023; an aggregate of 200,000 Shares to Mr. Kreft on or before June 26, 2024; and an aggregate of 500,000 Shares to Mr. Kreft on or before June 26, 2025. About Sitka Gold Corp. Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in the Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut. Sitka is currently conducting a planned 10,000 metre diamond drill program at its RC Gold Project in the Yukon. Drilling is also currently underway at the Company’s Alpha Gold Property in Nevada where up to 5,000 feet of drilling is planned. The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101. ON BEHALF OF THE BOARD OF DIRECTORS OF SITKA GOLD CORP. “Donald Penner” President and Director For more information contact: Donald Penner President & Director 778-...