Sitka Gold Announces $25 Million Bought Deal Financing

Executive Summary

• Sitka Gold Corp. entered a bought‑deal private placement for 16,235,000 flow‑through common shares at $1.54 per share, generating gross proceeds of $25,001,900.
• Proceeds will be used to fund eligible Canadian exploration expenses on the RC Gold Project in Yukon through December 31 2026, with all qualifying expenditures renounced to subscribers by Dec 31 2025.
• The offering includes a 6.0% cash commission to underwriters and issuance of compensation options equal to 6.0% of the shares sold; closing is expected around October 30 2025, subject to regulatory approvals.

Key Details

• Underwriter: Beacon Securities Limited (lead) with syndicate of underwriters.
• Shares Offered: 16,235,000 common shares qualifying as flow‑through shares under the Canadian Income Tax Act.
• Issue Price: $1.54 per FT Share.
• Gross Proceeds: $25,001,900.
• Use of Proceeds: To incur eligible Canadian exploration expenses (flow‑through mining expenditures) on the RC Gold Project in Yukon, to be completed by 31 Dec 2026; all qualifying expenditures will be renounced to subscribers by 31 Dec 2025.
• Regulatory Exemptions:
• Accredited investor exemption (NI 45‑106) for up to $5 M of proceeds.
• Listed issuer financing exemption (Part 5A NI 45‑106) for the remaining $20 M.
• Holding Periods:
• Shares sold under accredited investor exemption subject to a statutory hold period of four months and one day.
• Compensation options subject to a four‑month hold period.
• Underwriter Compensation:
• Cash commission equal to 6.0% of gross proceeds.
• Issuance of compensation options equal to 6.0% of the FT Shares sold; each option allows purchase of one common share at $1.54 for 24 months from closing.
• Non‑Brokered Offering: Certain shareholders with participation rights may purchase additional shares at the same price on a private‑placement basis; no commission payable to underwriters for this portion.
• Closing Date: Expected on or about 30 Oct 2025, pending TSX Venture Exchange and other regulatory approvals.
• Restrictions: Shares are not registered in the U.S.; cannot be offered or sold to U.S. persons absent exemption.

Notable Quotes

“This bought‑deal financing, completed at a significant premium to market, highlights the growing recognition of our flagship RC Gold Project… Combined with our current treasury, this financing provides funding and the ability to accelerate our efforts to further advance RC Gold…” – Cor Coe, Director & CEO

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.