Sky Gold (TSE:SKYG) has released an update.
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Sky Gold Corp. has revised the terms of their property option agreements for the Horne and Laurie properties in northwestern Ontario, reducing their cash obligations by $50,000 and confirming exploration expenditures at $500,000. The amended agreements involve the issuance of 2.3 million common shares to the vendors and are pending TSX Venture approval. The properties are strategically located near the Eureka Gold Zone, with certain exploration deadlines extended into the third and fourth years.
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