Golden Sky Minerals Announces Conversion Of Debenture Into Common Shares
Pursuant to the terms of the debenture, Evanachan Limited, together with Mr. McEwen, has converted the principal amount of C$220,000 at a conversion price of C$0.11 per share, resulting in the issuance of 2,000,000 common shares of Golden Sky.
Following the conversion, Mr. McEwen beneficially holds approximately 9.0% of Golden Sky's issued and outstanding common shares on a non-diluted basis.
"Rob's decision to convert the debenture into common shares is a significant vote of confidence in our team, our strategy, and the quality of our assets, particularly the Rayfield-Gjoll Copper-Gold Project," said John Newell, President & CEO. "We deeply appreciate his strong support and commitment to becoming a long-term shareholder. We remain focused on advancing our Rayfield project through our earn-in agreement with Boliden and look forward to keeping all shareholders updated on our progress."
About Golden Sky Minerals Corp.
Golden Sky Minerals (TSXV: AUEN) is a Canadian mineral exploration company advancing high-potential copper and gold projects across British Columbia, Yukon, and Ontario. Its flagship Rayfield Project is located in a rapidly emerging porphyry copper-gold district and offers discovery-scale upside, excellent infrastructure, and proximity to several of Canada's top mining companies.
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