Sylla Gold Announces Non-Brokered Private Placement of Units for up to $2,300,000

Executive Summary

• Sylla Gold Corp. announced a non‑brokered private placement of up to $2,300,000 by issuing up to 46,000,000 units at $0.05 per unit.
• Proceeds will fund exploration and permitting for the Niaouleni Gold Project, renewal of the Deguefarakole licence, option exercises on three additional licences, and general corporate purposes including working capital and debt repayment.
• The offering includes common shares and warrants; finder commissions and finder warrants equal to 7% of gross proceeds may be issued.

Key Details

• Offering Size: Up to $2.3 million (46 million units).
• Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
• Price per Unit: $0.05.
• Warrant Terms: Right to acquire one common share at $0.05 for two years from issuance.
• Use of Proceeds:
• Advance exploration and permitting for the Niaouleni Gold Project.
• Renew flagship Deguefarakole licence and obtain approval for associated work programs.
• Exercise option agreements on three additional licences within the Niaouleni land package.
• Working capital, general corporate purposes, payment of accounts payable, repayment of loans.
• Finder Compensation: Cash commission equal to 7% of gross proceeds; finder warrants equal to 7% of units sold, each warrant exercisable at $0.05 for two years.
• Closing Conditions: Subject to receipt of all required corporate and regulatory approvals, including TSXV approval.
• Holding Period: All securities issued are subject to a four‑month plus one day hold period and applicable resale rules.

Notable Quotes

(No direct quotes were provided in the release.)