Skyline Gold Corporation
TSX VENTURE : SK

Skyline Gold Corporation

May 01, 2009 12:36 ET

Skyline Announces Closing of Private Placement

RICHMOND, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - Skyline Gold Corporation ("the Company") (TSX VENTURE:SK), a company engaged in the exploration and development of its Bronson Slope mining property in north western British Columbia's 'Golden Triangle', is pleased to announce that further to our news release of April 29, 2009, the Company has closed the non-brokered private placement of 1,706,250 units at a price of $0.08 per share for net proceeds of $136,500. Each unit consists of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share of the Company at a price of $0.12 per share for a period of one year from date of issue. The units have a hold period expiring on August 31, 2009. Finders' fees were paid on the private placement.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION

David Jensen, P.Eng., President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Skyline Gold Corporation
    David Jensen, P.Eng.
    President
    604 270 3878
    604 270 3858 (FAX)
    www.skylinegold.com