Sky Gold Corp. completed the acquisition of KA Nickel-Copper-Cobalt-Chrome-Platinum Group Element Property for CAD 0.219 million.
Sky Gold Corp. (TSXV:SKYG) completed the acquisition of KA Nickel-Copper-Cobalt-Chrome-Platinum Group Element Property for CAD 0.219 million on August 10, 2023. As consideration, Sky Gold Corp. will issue up to 0.815 million shares of Sky Gold and pay up to CAD 0.15 million in cash to the vendors, over a 4-year period. The Company will additionally grant a 2.0% Royalty to the vendors. Advance Royalty payments of CAD 0.02 million are due annually to the vendors, between years 5 and 10 of this Agreement. TSX Venture Exchange has accepted the arm-length acquisition of the KA NI-CU-CO-CRPGE Property located in Northwestern Ontario.