BULLETIN V2024-1253
SKY GOLD CORP. ("SKYG")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 30, 2024
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange")'s bulletin dated May 3, 2023, the Exchange has accepted for filing documentation pertaining to an amending agreement (the "Amending Agreement") dated April 4, 2024, between Sky Gold Corp. (the "Company"), and two arm's length parties (the "Vendors"). The Amending Agreement amended the terms of the original property option agreement dated April 11, 2023 (the "Original Agreement"), whereby the Company acquired from the Vendors a 100% interest in the Horne property located in Ontario.
Under the terms of the Amending Agreement, the total cash obligations of the Original Agreement have been reduced from $250,000 to $200,000. Additionally, the total exploration expenditure requirement has been adjusted to $500,000, decreased from the previous $800,000, with the completion deadlines deferred to the next three years. Other terms of the Original Agreement remain unchanged. In consideration for these amendments, the Company will issue a total of 1,350,000 common shares of the Company to the Vendors.
For further details, please refer to the Company's news releases dated April 9, 2024 and April 29, 2024.
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