Mr. John Newell reports
GOLDEN SKY MINERALS RECEIVES APPROVAL FOR CONVERTIBLE DEBENTURE INVESTMENT WITH CANADIAN MINING LEADER ROB MCEWEN
Further to its April 24, 2025, news release, Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its $220,000 six-month convertible debenture. The debenture will bear 9-per-cent interest and is convertible into two million common shares at a price of 11 cents per share. If fully converted, the debentureholder, Rob McEwen, would hold approximately 9.2 per cent of Golden Sky's outstanding shares on a postconversion basis.
The proceeds from Mr. McEwen's investment will be used to advance continuing work at Golden Sky's Rayfield project in British Columbia, including:
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A deep induced polarization geophysical survey with modern three-dimensional inversion modelling;
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Finalizing the second drill permit;
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Advancing technical reporting and geological interpretation.
No finder's fee or commission is payable with respect to this financing. All securities issued pursuant to the debenture will be subject to a four-month hold.
About Golden Sky Minerals Corp.
Golden Sky Minerals is a Canadian mineral exploration company advancing high-potential copper and gold projects across British Columbia, Yukon and Ontario. Its flagship Rayfield project is located in a rapidly emerging porphyry copper-gold district and offers discovery-scale upside, excellent infrastructure and proximity to several of Canada's top mining companies.
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