Sitka Gold is pleased to announce it has entered into an agreement pursuant to which Beacon Securities, on behalf of a syndicate of underwriters, has agreed to purchase, on a "bought deal" private placement basis, 14,705,882 common shares that will qualify as "flow-through shares" within the meaning of the Income Tax Act of the Company at a price of $0.68 per FT Share for gross proceeds to the Company of $10,000,000
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