Mr. Russell Bradford reports
GOLDSKY RESOURCES TO ISSUE SHARES FOR DEBT
Goldsky Resources Corp. intends to issue 1,166,130 common shares of the company to Haywood Securities Inc. as partial payment of the financial advisory fee due to Haywood for acting as exclusive financial advisory to Goldsky in connection with the company's consolidation of 100-per-cent ownership of the Barsele gold project in Sweden in June, 2026.
The payment shares will be issued at a deemed price of $3.246 per share.
The issuance of the payment shares remains subject to the approval of the TSX Venture Exchange. The payment shares to be issued will be subject to a four-month statutory hold period under applicable securities laws from their date of issue.
About Goldsky Resources Corp.
Goldsky Resources is a publicly listed gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the 100-per-cent-owned Barsele gold project in central Sweden. Barsele is host to an indicated mineral resource of 7.88 million tonnes grading 1.27 grams per tonne gold containing 320,000 ounces gold and an inferred mineral resource of 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au.
Goldsky Resources owns a district-scale licence position surrounding Barsele totalling approximately 80,000 hectares on Sweden's Gold Line greenstone belt composed of two additional projects (Paubacken and Storjuktan).
Additionally, in central Finland, Goldsky Resources is the 100-per-cent owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the largest known gold occurrence on this belt. Goldsky Resources is also the 100-per-cent owner of the Rajapalot gold-cobalt project situated in northern Finland, which has an inferred resource of 9.78 Mt containing 867,000 oz Au of 2.8 g/t Au and 4,300 t Co of 441 parts per million Co (National Instrument 43-101 technical report on a preliminary economic assessment of the Rajapalot gold-cobalt project, Finland, effective date: Dec. 19, 2023, prepared for Mawson Finland Ltd. by SRK Consulting (U.K.) Ltd., SRK qualified person Christopher Bray, BEng (mining), MAusIMM (CP), Ove Klaver, MSc (geology), EurGeol, Eemeli Rantala, MSc (geology), PGeo, Craig Brown, BE (chemistry), GradDipGeosci, FAusIMM, Mathieu Gosselin, BEng (mining), PEng).
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