Stikine Closes $500,000 Private Placement


    VANCOUVER, Oct. 14 /CNW/ - Stikine Gold Corporation (SKY:TSX.V) announces
that, further to its press release of September 4, 2008, it has closed a
private placement for gross proceeds of $500,000. 5 million units have been
issued, each consisting of one common share and one common share purchase
warrant, with each warrant entitling the holder to acquire an additional
common share until October 14, 2009 at a price of $0.15. All securities issued
in connection with this financing are subject to a hold period expiring on
February 15, 2009.
    Proceeds from the private placement will be used for working capital and
initial exploration of the Grant Gold project, located approximately
eight kilometers southwest of Fort St. James, British Columbia.

                           STIKINE GOLD CORPORATION

                             "David J. Skerlec"
                 David J. Skerlec - Chief Financial Officer

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Investor Relations, Tel: (604) 684-1900, Fax:
(604) 684-2902, Email:, Web:

Organization Profile

Stikine Energy Corp.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890