Now THIS is confidence!--(Marketwire - Jan. 4, 2010) - Ian Watson today announced that he has purchased 2,180,000 units ("Units") of Skygold Ventures Ltd. ("Skygold") (TSX VENTURE:
SKV -
News) at a purchase price of C
.23 per Unit for total consideration of C$501,400. Ian Watson is a Director of Skygold. Each Unit consists of one common share (each, a "Common Share") of Skygold and one common share purchase warrant of Skygold. As a result of this transaction, Mr. Watson beneficially holds 6,576,640 Common Shares, representing approximately 6.17% of the issued and outstanding Common Shares. Mr. Watson also beneficially holds a total of 6,561,640 warrants entitling Mr. Watson to purchase 6,561,640 Common Shares. Come on Pete, it's a new year;show some passion!