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Sitka Gold Accelerates Acquisition of Clear Creek Property in Yukon

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Sitka Gold (SIG.V) agreed to accelerate its acquisition of the Clear Creek property in Yukon from the receiver of Victoria Gold.

The transaction will allow Sitka to consolidate properties within the RC gold project, the mineral exploration company said Tuesday.

Under the terms, Sitka will pay C$6 million in cash at closing instead of issuing shares under a June 2024 agreement. The company will also grant a 5.0% net smelter return royalty on the property, which it can reduce to 2.0% by paying C$10 million.

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