Sky Gold (TSE:SKYG) has released an update.
Sky Gold Corp. has optioned their Horne and Laurie properties to Delta Resources Ltd., allowing Delta the opportunity to acquire 100% interest while Sky retains a 1% Net Smelter Return Royalty. The deal enriches Sky with 1.4 million Delta shares and $75,000, further enabling them to concentrate on their Shebandowan portfolio in Ontario. The agreement, still subject to regulatory approval, signifies strategic positioning for Sky in the gold and base-metal exploration sector.
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