Mr. John Newell reports
GOLDEN SKY MINERALS FILES FOR APPROVAL FOR $220,000 CONVERTIBLE DEBENTURE
Golden Sky Minerals Corp. has filed documents with the TSX Venture Exchange seeking approval to close a convertible debenture financing.
A private investor has subscribed for a convertible debenture totalling $220,000. The debenture has a six-month term, bears interest at a rate of 9 per cent per annum and is convertible into two million common shares of the company at a conversion price of 11 cents per share.
"We are pleased to complete this convertible debenture, providing important funds to continue advancing our key exploration activities at Rayfield," stated John Newell, president and chief executive officer of Golden Sky Minerals.
Proceeds from this investment will support continuing work at the company's flagship Rayfield project in British Columbia, including:
- Completion of a deep IP (induced polarization) geophysical survey using advanced 3-D inversion modelling;
- Finalizing the second drill permit;
- Continued technical reporting and geological interpretation.
The Rayfield project is strategically located within the prolific Quesnel trough copper-gold district, benefiting from exceptional infrastructure and a favourable regional geological setting.
About Golden Sky Minerals Corp.
Golden Sky Minerals is a Canadian mineral exploration company focused on advancing high-potential copper and gold projects in British Columbia, Yukon and Ontario. Its flagship asset, the Rayfield project, is situated in a highly prospective porphyry copper-gold region, offering significant discovery potential and proximity to major mining operations.
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