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Sitka Gold Corp SITKF


Primary Symbol: V.SIG

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, Burro Creek and OGI. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1,891 claims covering approximately 376 square kilometers. The Alpha Gold Property is located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers (km) southwest of Elko, Nevada. The property is comprised of 239 contiguous claims covering an area of approximately 4,780 acres and is accessible via a dirt road, approximately two km west of Nevada State Highway 278. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona, in southeastern Mohave County, approximately 265 km southeast of Las Vegas, Nevada and 200 km northwest of Phoenix, Arizona. The OGI Property consists of 99 quartz mining claims.


TSXV:SIG - Post by User

Post by stockwatcher7on Jan 24, 2024 11:16am
89 Views
Post# 35842988

Pro active action

Pro active actionIf  MNG  have  someone  who is  interested in aquiring a position they  should  arrange  with  holders of the  wts  where they  can  arrange a buy  to exercise  their  wt.  Someone  with  100K  shares  and  100 k wts  who are  not interested in putting  fresh  money  in  can  take   some  profit and maintain their  position.  There  is  no  hold  period  on  wt exercised  shares.

Helps the  company  out and the  potential  buyer..The  managment  can be  proactive in this  situation. 
Since these  wts  are  in the  money  they cannot  be  extended. Partial wt  exercise  is  also  permitted.
Untill then  it  will be  hard to  move the  share  price  up over the  .25 level...JMHO
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